Kopin (NASDAQ:KOPN) Rating Reiterated by HC Wainwright

Kopin (NASDAQ:KOPN)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a research note issued on Monday, Benzinga reports. They presently have a $3.00 price target on the stock. HC Wainwright’s target price would indicate a potential upside of 277.98% from the stock’s previous close.

A number of other research firms also recently issued reports on KOPN. Stifel Nicolaus dropped their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com raised shares of Kopin from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th.

Kopin Price Performance

KOPN opened at $0.79 on Monday. The company has a fifty day moving average price of $0.83 and a 200-day moving average price of $0.89. The firm has a market capitalization of $94.00 million, a P/E ratio of -1.89 and a beta of 2.60. Kopin has a one year low of $0.56 and a one year high of $2.82.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). Kopin had a negative return on equity of 131.82% and a negative net margin of 114.11%. The company had revenue of $12.34 million for the quarter, compared to the consensus estimate of $9.32 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, analysts expect that Kopin will post -0.17 earnings per share for the current year.

Institutional Trading of Kopin

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in shares of Kopin by 494.4% in the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after acquiring an additional 703,740 shares during the period. Silverberg Bernstein Capital Management LLC increased its position in shares of Kopin by 8.5% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 678,204 shares of the company’s stock valued at $570,000 after acquiring an additional 53,300 shares during the period. Murphy Pohlad Asset Management LLC increased its position in shares of Kopin by 80.5% in the second quarter. Murphy Pohlad Asset Management LLC now owns 107,600 shares of the company’s stock valued at $90,000 after acquiring an additional 48,000 shares during the period. AMG National Trust Bank increased its position in shares of Kopin by 10.5% in the second quarter. AMG National Trust Bank now owns 105,000 shares of the company’s stock valued at $88,000 after acquiring an additional 10,000 shares during the period. Finally, Virtu Financial LLC increased its position in shares of Kopin by 329.4% in the first quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock valued at $140,000 after acquiring an additional 59,770 shares during the period. 30.96% of the stock is 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.