Kopin (NASDAQ:KOPN) Raised to Hold at Wall Street Zen

Kopin (NASDAQ:KOPN) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Canaccord Genuity Group lowered their price objective on shares of Kopin from $2.50 to $2.25 and set a “buy” rating for the company in a research note on Monday, April 21st.

Kopin Stock Performance

Kopin stock opened at $1.63 on Friday. Kopin has a 12-month low of $0.56 and a 12-month high of $2.17. The stock has a market cap of $265.36 million, a P/E ratio of -14.82 and a beta of 2.85. The company has a 50-day moving average price of $1.33 and a 200 day moving average price of $1.35.

Kopin (NASDAQ:KOPN) last released its quarterly earnings data on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Kopin had a negative net margin of 28.70% and a negative return on equity of 87.81%. The firm had revenue of $14.65 million during the quarter, compared to analysts’ expectations of $11.15 million. During the same period last year, the business earned ($0.04) earnings per share. As a group, analysts forecast that Kopin will post -0.14 EPS for the current year.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp lifted its position in shares of Kopin by 33.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 281,600 shares of the company’s stock worth $263,000 after buying an additional 70,400 shares during the last quarter. PEAK6 LLC increased its stake in Kopin by 12.5% in the 1st quarter. PEAK6 LLC now owns 71,200 shares of the company’s stock valued at $66,000 after buying an additional 7,900 shares during the period. Virtu Financial LLC acquired a new position in Kopin in the 1st quarter valued at $36,000. Telemark Asset Management LLC purchased a new stake in shares of Kopin during the 1st quarter worth $2,797,000. Finally, Jefferies Financial Group Inc. boosted its position in shares of Kopin by 10.4% during the 1st quarter. Jefferies Financial Group Inc. now owns 104,564 shares of the company’s stock worth $97,000 after purchasing an additional 9,864 shares in the last quarter. Institutional investors and hedge funds 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.