StockNews.com Upgrades Kopin (NASDAQ:KOPN) to Hold

Kopin (NASDAQ:KOPN) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Separately, Canaccord Genuity Group upped their target price on Kopin from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin Price Performance

Kopin stock opened at $0.91 on Friday. The stock’s fifty day moving average price is $1.22 and its two-hundred day moving average price is $1.18. The firm has a market cap of $143.78 million, a PE ratio of -2.21 and a beta of 3.24. Kopin has a one year low of $0.56 and a one year high of $2.17.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Thursday, April 17th. The company reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $14.65 million during the quarter, compared to analysts’ expectations of $11.15 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same quarter in the prior year, the business posted ($0.04) earnings per share. Sell-side analysts expect that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Kopin

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP boosted its holdings in shares of Kopin by 15.4% during the 4th quarter. Royce & Associates LP now owns 7,726,382 shares of the company’s stock valued at $10,508,000 after acquiring an additional 1,033,088 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of 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 purchasing an additional 471,258 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Kopin by 34.3% in the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company’s stock valued at $2,175,000 after buying an additional 408,396 shares during the period. Two Sigma Investments LP raised its holdings in Kopin by 140.9% in the 4th quarter. Two Sigma Investments LP now owns 562,037 shares of the company’s stock valued at $764,000 after buying an additional 328,713 shares during the last quarter. Finally, 683 Capital Management LLC acquired a new stake in Kopin during the 4th quarter worth approximately $409,000. Institutional investors own 30.96% of the company’s stock.

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.