Analysts Set Kopin Corporation (NASDAQ:KOPN) Price Target at $4.69

Shares of Kopin Corporation (NASDAQ:KOPN) have been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $4.6875.

KOPN has been the subject of several recent analyst reports. Wall Street Zen raised Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Craig Hallum assumed coverage on shares of Kopin in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Lake Street Capital boosted their price objective on shares of Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Stifel Nicolaus started coverage on Kopin in a research report on Friday, October 17th. They issued a “buy” rating and a $5.50 price objective on the stock.

Institutional Investors Weigh In On Kopin

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after buying an additional 1,806,632 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Kopin in the second quarter worth approximately $1,834,000. Telemark Asset Management LLC raised its holdings in shares of Kopin by 33.3% during the second quarter. Telemark Asset Management LLC now owns 4,000,000 shares of the company’s stock valued at $6,120,000 after purchasing an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Kopin by 11.2% during the third quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after purchasing an additional 945,662 shares during the last quarter. Finally, Herald Investment Management Ltd lifted its position in Kopin by 30.3% during the third quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock valued at $4,860,000 after purchasing an additional 465,000 shares during the period. 30.96% of the stock is currently owned by institutional investors.

Kopin Stock Down 4.5%

Shares of KOPN opened at $2.55 on Friday. The stock has a market cap of $465.40 million, a P/E ratio of -63.75 and a beta of 2.70. The business’s 50 day moving average price is $2.63 and its 200-day moving average price is $2.58. Kopin has a 52 week low of $0.71 and a 52 week high of $4.16.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. Kopin had a negative return on equity of 30.97% and a negative net margin of 13.81%.The business had revenue of $11.96 million during the quarter, compared to analysts’ expectations of $13.89 million. On average, equities analysts anticipate that Kopin will post -0.14 EPS for the current year.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.