Kopin (NASDAQ:KOPN) Coverage Initiated at Canaccord Genuity Group

Equities research analysts at Canaccord Genuity Group assumed coverage on shares of Kopin (NASDAQ:KOPN) in a note issued to investors on Thursday, MarketBeat reports. The brokerage set a “buy” rating and a $2.00 price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 36.05% from the company’s current price.

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

Kopin Price Performance

Shares of NASDAQ KOPN opened at $1.47 on Thursday. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82. The business has a fifty day moving average price of $1.08 and a 200 day moving average price of $0.94. The stock has a market capitalization of $233.44 million, a P/E ratio of -3.59 and a beta of 2.72.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The business had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. As a group, equities research analysts anticipate that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Royce & Associates LP grew its holdings in shares of Kopin by 485.4% during the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after buying an additional 5,550,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in Kopin by 494.4% during the 2nd 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 period. Stifel Financial Corp grew its stake in Kopin by 303.7% during the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after purchasing an additional 471,258 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its holdings in shares of Kopin by 26.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after purchasing an additional 28,000 shares during the period. Finally, AMG National Trust Bank raised its stake in shares of Kopin by 19.0% in the third quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock worth $91,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.