Kopin Corporation (NASDAQ:KOPN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Kopin Corporation (NASDAQ:KOPN) have been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.6875.

KOPN has been the topic of several recent research reports. Canaccord Genuity Group upped their price objective on Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a report on Thursday. Lake Street Capital increased their price objective on shares of Kopin from $3.00 to $4.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday. Craig Hallum assumed coverage on shares of Kopin in a research report on Wednesday, October 22nd. They set a “buy” rating and a $6.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Kopin

Several hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. boosted its stake in shares of Kopin by 1.5% during the second quarter. AWM Investment Company Inc. now owns 9,863,887 shares of the company’s stock valued at $15,092,000 after purchasing an additional 149,188 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Kopin by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after buying an additional 945,662 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Kopin by 3.3% in the first quarter. Royce & Associates LP now owns 7,981,832 shares of the company’s stock worth $7,441,000 after buying an additional 255,450 shares during the last quarter. Telemark Asset Management LLC boosted its holdings in Kopin by 25.0% in the third quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock valued at $12,150,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after purchasing an additional 1,806,632 shares during the period. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Performance

KOPN opened at $2.56 on Tuesday. The stock has a market capitalization of $467.00 million, a price-to-earnings ratio of -28.44 and a beta of 2.98. Kopin has a fifty-two week low of $0.71 and a fifty-two week high of $4.16. The company has a fifty day moving average of $3.00 and a 200 day moving average of $2.15.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $11.96 million during the quarter, compared to analyst estimates of $13.89 million. Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%. On average, equities research analysts forecast that Kopin will post -0.14 earnings per share for the current year.

Kopin Company Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.