Kopin (NASDAQ:KOPN) Price Target Raised to $2.50

Kopin (NASDAQ:KOPN) had its price target lifted by analysts at Canaccord Genuity Group from $2.00 to $2.50 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 47.93% from the company’s current price.

A number of other brokerages have also recently issued reports on KOPN. StockNews.com cut Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of Kopin in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kopin presently has a consensus rating of “Moderate Buy” and an average target price of $2.63.

Kopin Stock Up 3.0 %

Shares of KOPN opened at $1.69 on Wednesday. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82. The stock has a 50 day moving average price of $1.30 and a 200 day moving average price of $1.02. The company has a market capitalization of $268.37 million, a price-to-earnings ratio of -4.12 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same period last year, the business earned ($0.02) EPS. On average, equities analysts anticipate that Kopin will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Kopin

A number of large investors have recently bought and sold shares of the company. O Connor Financial Group LLC acquired a new position in shares of Kopin during the fourth quarter worth about $28,000. XTX Topco Ltd purchased a new stake in Kopin in the 2nd quarter valued at approximately $32,000. Penbrook Management LLC acquired a new position in Kopin during the fourth quarter worth $66,000. FMR LLC increased its holdings in shares of Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock valued at $42,000 after purchasing an additional 57,604 shares in the last quarter. Finally, Affinity Capital Advisors LLC purchased a new position in shares of Kopin in the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.