Canaccord Genuity Group Has Lowered Expectations for Kopin (NASDAQ:KOPN) Stock Price

Kopin (NASDAQ:KOPN - Free Report) had its price objective reduced by Canaccord Genuity Group from $2.50 to $2.25 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Separately, StockNews.com upgraded Kopin from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2.56.

Kopin Stock Up 0.8 %

Shares of NASDAQ KOPN traded up $0.01 during mid-day trading on Monday, reaching $1.20. 1,453,907 shares of the company were exchanged, compared to its average volume of 2,335,304. Kopin has a 52 week low of $0.56 and a 52 week high of $2.17. The company's 50 day moving average price is $1.17 and its 200 day moving average price is $1.19. The stock has a market capitalization of $190.56 million, a PE ratio of -2.93 and a beta of 3.24.

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

Hedge Funds Weigh In On Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in KOPN. Royce & Associates LP raised its holdings in Kopin by 15.4% in the 4th quarter. Royce & Associates LP now owns 7,726,382 shares of the company's stock worth $10,508,000 after purchasing an additional 1,033,088 shares in the last quarter. Stifel Financial Corp raised its stake in Kopin by 303.7% in the third quarter. Stifel Financial Corp now owns 626,413 shares of the company's stock worth $457,000 after buying an additional 471,258 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Kopin by 34.3% in the fourth quarter. Geode Capital Management LLC now owns 1,599,109 shares of the company's stock worth $2,175,000 after buying an additional 408,396 shares during the period. Two Sigma Investments LP boosted its position in Kopin by 140.9% during the 4th quarter. Two Sigma Investments LP now owns 562,037 shares of the company's stock valued at $764,000 after acquiring an additional 328,713 shares in the last quarter. Finally, 683 Capital Management LLC purchased a new position in shares of Kopin during the 4th quarter worth approximately $409,000. Institutional investors 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.