Kopin (NASDAQ:KOPN) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Kopin (NASDAQ:KOPN) in a research report sent to investors on Thursday, MarketBeat reports. The firm issued a buy rating and a $2.00 price target on the stock.

Several other research firms have also recently issued reports on KOPN. HC Wainwright reaffirmed a “buy” rating and set a $3.00 price objective on shares of Kopin in a research report on Wednesday, November 13th. StockNews.com cut Kopin from a “hold” rating to a “sell” rating in a research report on Saturday, December 21st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2.50.

Kopin Stock Up 3.7 %

NASDAQ:KOPN opened at $1.41 on Thursday. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The company has a fifty day simple moving average of $1.06 and a two-hundred day simple moving average of $0.93. The company has a market cap of $223.91 million, a price-to-earnings ratio of -3.44 and a beta of 2.72.

Kopin (NASDAQ:KOPN) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period in the previous year, the firm posted ($0.02) EPS. On average, analysts expect that Kopin will post -0.14 EPS for the current year.

Hedge Funds Weigh In On Kopin

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC increased its position in Kopin by 494.4% during the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after buying an additional 703,740 shares in the last quarter. XTX Topco Ltd purchased a new stake in Kopin during the 2nd quarter worth about $32,000. Affinity Capital Advisors LLC purchased a new position in Kopin in the 3rd quarter valued at about $54,000. Murphy Pohlad Asset Management LLC grew its holdings in shares of Kopin by 26.0% during the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock worth $99,000 after buying an additional 28,000 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Kopin by 485.4% in 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. 30.96% of the stock is 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.