HC Wainwright Analysts Give eMagin (NYSEAMERICAN:EMAN) a $4.00 Price Target

eMagin (NYSEAMERICAN:EMAN) received a $4.00 price target from analysts at HC Wainwright in a report issued on Friday, May 11th. The brokerage presently has a “buy” rating on the semiconductor company’s stock. HC Wainwright’s price objective would indicate a potential upside of 150.00% from the company’s previous close.

Separately, Zacks Investment Research raised shares of eMagin from a “hold” rating to a “buy” rating and set a $1.75 price target for the company in a research note on Wednesday, April 11th.

NYSEAMERICAN:EMAN opened at $1.60 on Friday. eMagin has a 52 week low of $1.23 and a 52 week high of $3.00.

eMagin (NYSEAMERICAN:EMAN) last announced its quarterly earnings data on Thursday, May 10th. The semiconductor company reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.01). The firm had revenue of $6.87 million for the quarter, compared to the consensus estimate of $6.50 million. eMagin had a negative net margin of 69.91% and a negative return on equity of 57.13%.

Several hedge funds have recently added to or reduced their stakes in EMAN. First Washington CORP lifted its holdings in eMagin by 23.1% during the first quarter. First Washington CORP now owns 1,413,853 shares of the semiconductor company’s stock valued at $2,050,000 after purchasing an additional 265,620 shares in the last quarter. Northern Trust Corp raised its position in shares of eMagin by 147.0% in the first quarter. Northern Trust Corp now owns 90,712 shares of the semiconductor company’s stock valued at $131,000 after buying an additional 53,980 shares during the last quarter. Finally, Penn Capital Management Co. Inc. acquired a new stake in shares of eMagin in the first quarter valued at about $1,055,000.

eMagin Company Profile

eMagin Corporation designs, develops, manufactures, and markets organic light emitting diode (OLED) displays on-silicon micro displays; virtual imaging products that utilize OLED micro displays; and related products. It offers super video graphics array (SVGA) + OLED micro displays; digital SVGA OLED-XL; super extended graphics array OLED-XL/XLS and OLED-XL; video graphics array OLED-XL; and widescreen ultra-extended graphics array OLED-XL.

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