Kopin (NASDAQ:KOPN) Price Target Lowered to $2.25 at Canaccord Genuity Group

Kopin (NASDAQ:KOPN) had its target price decreased by Canaccord Genuity Group from $2.50 to $2.25 in a research report report published on Monday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, StockNews.com upgraded Kopin from a “sell” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Kopin presently has an average rating of “Moderate Buy” and an average price target of $2.56.

Kopin Stock Up 2.8 %

NASDAQ KOPN opened at $0.93 on Monday. Kopin has a 52 week low of $0.56 and a 52 week high of $2.17. The firm has a 50 day moving average of $1.21 and a two-hundred day moving average of $1.18. The stock has a market capitalization of $147.84 million, a PE ratio of -2.27 and a beta of 3.24.

Kopin (NASDAQ:KOPN) last issued its earnings results on Thursday, April 17th. The company reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $14.65 million during the quarter, compared to the consensus estimate of $11.15 million. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, equities research analysts expect that Kopin will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. acquired a new stake in shares of Kopin in the 4th quarter valued at about $25,000. O Connor Financial Group LLC acquired a new stake in shares of Kopin in the fourth quarter valued at approximately $28,000. One68 Global Capital LLC acquired a new position in shares of Kopin in the 4th quarter valued at $30,000. Prudential Financial Inc. purchased a new stake in Kopin in the 4th quarter valued at $37,000. Finally, FMR LLC boosted its stake in 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. Institutional investors and hedge funds 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.