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

Kopin (NASDAQ:KOPN) had its price target reduced by investment analysts at Canaccord Genuity Group from $2.50 to $2.25 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 148.51% from the company’s previous close.

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

Kopin Stock Up 7.4 %

Shares of Kopin stock opened at $0.91 on Monday. The company has a 50-day simple moving average of $1.22 and a two-hundred day simple moving average of $1.18. Kopin has a twelve month low of $0.56 and a twelve month high of $2.17. The stock has a market capitalization of $143.78 million, a price-to-earnings ratio of -2.21 and a beta of 3.24.

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

Institutional Trading of Kopin

Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in Kopin by 101,059.6% during the third quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after acquiring an additional 57,604 shares in the last quarter. Stifel Financial Corp increased its position in Kopin by 303.7% during the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after purchasing an additional 471,258 shares in the last quarter. O Connor Financial Group LLC bought a new position in Kopin in the 4th quarter valued at approximately $28,000. Murphy Pohlad Asset Management LLC boosted its position in Kopin by 13.0% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock valued at $208,000 after buying an additional 17,600 shares in the last quarter. Finally, Penbrook Management LLC bought a new stake in shares of Kopin during the fourth quarter worth $66,000. 30.96% of the stock is currently owned by institutional investors.

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.