Kopin (NASDAQ:KOPN) Rating Increased to Hold at Wall Street Zen

Kopin (NASDAQ:KOPN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Canaccord Genuity Group reduced their price objective on shares of Kopin from $2.50 to $2.25 and set a “buy” rating for the company in a research report on Monday, April 21st.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $1.63 on Friday. The company’s fifty day moving average price is $1.33 and its 200 day moving average price is $1.35. Kopin has a 1 year low of $0.56 and a 1 year high of $2.17. The company has a market capitalization of $265.36 million, a PE ratio of -14.82 and a beta of 2.85.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Kopin had a negative net margin of 28.70% and a negative return on equity of 87.81%. The firm had revenue of $14.65 million for the quarter, compared to the consensus estimate of $11.15 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, equities analysts expect that Kopin will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Kopin

A number of large investors have recently added to or reduced their stakes in the stock. PEAK6 LLC raised its position in Kopin by 12.5% during the first quarter. PEAK6 LLC now owns 71,200 shares of the company’s stock worth $66,000 after acquiring an additional 7,900 shares during the period. Jefferies Financial Group Inc. raised its position in shares of Kopin by 10.4% in the first quarter. Jefferies Financial Group Inc. now owns 104,564 shares of the company’s stock valued at $97,000 after buying an additional 9,864 shares during the last quarter. Millennium Management LLC raised its position in shares of Kopin by 6.3% in the fourth quarter. Millennium Management LLC now owns 279,459 shares of the company’s stock valued at $380,000 after buying an additional 16,630 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Kopin in the fourth quarter valued at about $25,000. Finally, AMG National Trust Bank raised its position in shares of Kopin by 16.0% in the first quarter. AMG National Trust Bank now owns 145,000 shares of the company’s stock valued at $135,000 after buying an additional 20,000 shares during the last quarter. 30.96% of the stock is currently owned by institutional investors and hedge funds.

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.