Kopin Corporation (NASDAQ:KOPN) Stock Has Average Price Target of $7.17

Shares of Kopin Corporation (NASDAQ:KOPN) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.17.

Several analysts have commented on KOPN shares. Stifel Nicolaus set a $6.50 price target on shares of Kopin in a research report on Friday, September 25th. Oppenheimer began coverage on Kopin in a research note on Thursday, September 17th. They set an “outperform” rating and a $7.00 target price on the stock. Weiss Ratings raised Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group raised their price target on Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th.

Institutional Investors Weigh In On Kopin

Several institutional investors and hedge funds have recently made changes to their positions in KOPN. Principal Financial Group Inc. lifted its position in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after acquiring an additional 3,243 shares during the period. Allworth Financial LP increased its holdings in shares of Kopin by 82.2% in the second quarter. Allworth Financial LP now owns 9,047 shares of the company’s stock valued at $41,000 after purchasing an additional 4,081 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Kopin in the second quarter valued at about $33,000. Sequoia Financial Advisors LLC increased its holdings in Kopin by 6.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 120,789 shares of the company’s stock worth $541,000 after buying an additional 7,444 shares during the period. Finally, First Bank & Trust raised its position in Kopin by 79.1% during the 2nd quarter. First Bank & Trust now owns 18,517 shares of the company’s stock worth $83,000 after buying an additional 8,176 shares during the last quarter. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Price Performance

Shares of KOPN stock opened at $4.20 on Friday. Kopin has a 1-year low of $1.81 and a 1-year high of $6.61. The stock’s 50-day moving average is $4.60 and its 200 day moving average is $4.24. The company has a market cap of $780.65 million, a P/E ratio of 105.03 and a beta of 3.59.

About Kopin

Kopin Corporation (NASDAQ: KOPN) develops and supplies wearable computing technologies, including microdisplays, optical systems and related components. Its products are designed for applications that require compact, high-resolution displays and hands-free access to information.

The company’s offerings have included liquid crystal, OLED and other microdisplay technologies, as well as display modules, lenses and customized optical systems. Kopin serves defense and aerospace, industrial, medical and consumer electronics markets, with products intended for applications such as head-mounted displays, night vision, thermal imaging, training systems and wearable computing devices.

Founded in 1984, Kopin is headquartered in Westborough, Massachusetts, and sells its technologies to customers and partners in the United States and international markets.