Kopin (NASDAQ:KOPN) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Kopin (NASDAQ:KOPN) in a research note published on Thursday, Marketbeat Ratings reports. The firm issued a buy rating and a $2.00 price target on the stock.

Several other brokerages have also recently issued reports on KOPN. StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. HC Wainwright restated a “buy” rating and set a $3.00 price target on shares of Kopin in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2.50.

Kopin Stock Up 3.7 %

KOPN stock opened at $1.41 on Thursday. The stock has a market capitalization of $223.91 million, a P/E ratio of -3.44 and a beta of 2.72. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The firm has a 50-day simple moving average of $1.06 and a 200-day simple moving average of $0.93.

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

Hedge Funds Weigh In On Kopin

A number of institutional investors have recently bought and sold shares of the company. Royce & Associates LP increased its holdings in shares of Kopin by 485.4% during the 3rd quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after buying an additional 5,550,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after acquiring an additional 703,740 shares during the last quarter. Stifel Financial Corp increased its stake in Kopin by 303.7% during the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after acquiring an additional 471,258 shares during the last quarter. Affinity Capital Advisors LLC purchased a new stake in Kopin in the third quarter valued at $54,000. Finally, FMR LLC grew its holdings in shares of Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after purchasing an additional 57,604 shares during the period. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Company Profile

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.