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

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

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

Kopin Stock Up 4.3 %

KOPN stock opened at $1.47 on Thursday. The firm’s fifty day simple moving average is $1.08 and its two-hundred day simple moving average is $0.94. The stock has a market capitalization of $233.44 million, a price-to-earnings ratio of -3.59 and a beta of 2.72. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

Kopin (NASDAQ:KOPN) last issued 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. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period in the prior year, the firm posted ($0.02) EPS. As a group, equities research analysts expect that Kopin will post -0.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Kopin in the 2nd quarter worth $32,000. FMR LLC lifted its stake in Kopin by 101,059.6% in 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 during the period. Affinity Capital Advisors LLC bought a new position in Kopin during the 3rd quarter worth about $54,000. AMG National Trust Bank grew its holdings in Kopin by 19.0% during the 3rd quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock worth $91,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its position in Kopin by 26.0% during the 3rd 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. 30.96% of the stock is currently owned by hedge funds and other 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.