HC Wainwright Reiterates Buy Rating for Kopin (NASDAQ:KOPN)

HC Wainwright restated their buy rating on shares of Kopin (NASDAQ:KOPN) in a report released on Wednesday morning,Benzinga reports. They currently have a $3.00 price objective on the stock.

Several other research firms have also recently issued reports on KOPN. StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus cut their target price on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th.

Kopin Price Performance

KOPN opened at $0.88 on Wednesday. The stock’s 50 day moving average price is $0.78 and its 200 day moving average price is $0.84. The stock has a market cap of $106.34 million, a P/E ratio of -2.14 and a beta of 2.60. Kopin has a 12 month low of $0.56 and a 12 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 analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $13.32 million for the quarter, compared to analyst estimates 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 last year, the company earned ($0.02) earnings per share. Equities analysts anticipate that Kopin will post -0.17 EPS for the current year.

Hedge Funds Weigh In On Kopin

Large investors have recently made changes to their positions in the business. EntryPoint Capital LLC bought a new stake in shares of Kopin in the 1st quarter worth approximately $26,000. XTX Topco Ltd bought a new position in shares of Kopin in the second quarter valued at $32,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Kopin during the 1st quarter valued at $37,000. JT Stratford LLC bought a new stake in shares of Kopin during the 1st quarter worth $37,000. Finally, FMR LLC grew its holdings in shares of Kopin by 101,059.6% in the 3rd 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 last quarter. 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.