Oppenheimer Reaffirms Their Hold Rating on eMagin

Oppenheimer analyst Andrew Uerkwitz maintained a Hold rating on eMagin (NYSE MKT: EMAN) on May 11. The company’s shares closed on Friday at $1.50.

According to TipRanks.com, Uerkwitz is a top 100 analyst with an average return of 24.4% and a 62.6% success rate. Uerkwitz covers the Consumer Goods sector, focusing on stocks such as Axon Enterprise Inc, Himax Technologies, and Turtle Beach Corp.

eMagin has an analyst consensus of Moderate Buy, with a price target consensus of $4.

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Based on eMagin’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $2.08 million. In comparison, last year the company had a GAAP net loss of $2 million.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EMAN in relation to earlier this year.

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eMagin Corp. engages in the manufacture and trade of microdisplays from organic light emitting diode (OLED) technology. It designs, develops and markets OLED on silicon microdisplays, prism optics, and virtual imaging products. The company was founded on January 23, 1996 and is headquartered in Hopewell Junction, NY.