Neonode Inc. (NASDAQ:NEON)‘s stock had its “outperform” rating reissued by equities researchers at Cowen and Company in a research report issued on Friday. They presently have a $3.00 price target on the electronics maker’s stock, down from their prior price target of $4.00. Cowen and Company’s price objective suggests a potential upside of 185.71% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Neonode from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Craig Hallum downgraded shares of Neonode from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine raised shares of Neonode from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd.

Shares of Neonode (NASDAQ NEON) traded down 1.90% on Friday, reaching $1.03. The company had a trading volume of 117,481 shares. The stock’s 50 day moving average is $1.12 and its 200 day moving average is $1.41. Neonode has a 52 week low of $0.96 and a 52 week high of $2.19. The firm’s market capitalization is $50.31 million.

Neonode (NASDAQ:NEON) last announced its quarterly earnings data on Wednesday, August 9th. The electronics maker reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The firm had revenue of $2.33 million during the quarter, compared to the consensus estimate of $3.68 million. Neonode had a negative return on equity of 109.91% and a negative net margin of 48.19%. On average, equities analysts anticipate that Neonode will post ($0.01) EPS for the current year.

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An institutional investor recently raised its position in Neonode stock. Royce & Associates LP increased its stake in shares of Neonode Inc. (NASDAQ:NEON) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,218,614 shares of the electronics maker’s stock after buying an additional 186,575 shares during the period. Royce & Associates LP owned about 4.54% of Neonode worth $2,396,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 25.32% of the company’s stock.

Neonode Company Profile

Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.

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