Kopin (NASDAQ:KOPN) Stock Price Expected to Rise, Lake Street Capital Analyst Says

Kopin (NASDAQ:KOPN) had its target price hoisted by stock analysts at Lake Street Capital from $3.00 to $4.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Lake Street Capital’s price target points to a potential upside of 54.74% from the company’s current price.

A number of other brokerages have also issued reports on KOPN. Canaccord Genuity Group increased their target price on shares of Kopin from $2.50 to $3.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Craig Hallum began coverage on Kopin in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 price objective on the stock. Stifel Nicolaus initiated coverage on shares of Kopin in a research report on Friday, October 17th. They issued a “buy” rating and a $5.50 price target on the stock. Wall Street Zen lowered shares of Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.63.

Kopin Stock Down 7.3%

NASDAQ:KOPN traded down $0.21 during trading hours on Thursday, reaching $2.59. 3,796,124 shares of the stock were exchanged, compared to its average volume of 4,175,911. The firm has a 50 day simple moving average of $2.98 and a 200-day simple moving average of $2.13. Kopin has a 52 week low of $0.71 and a 52 week high of $4.16. The stock has a market capitalization of $420.85 million, a P/E ratio of -28.72 and a beta of 2.97.

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

Institutional Investors Weigh In On Kopin

Hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. raised its holdings in shares of Kopin by 1.5% in 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 last quarter. Vanguard Group Inc. increased its stake in 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 during the last quarter. Royce & Associates LP boosted its stake in shares of Kopin by 3.3% during the 1st 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 grew its holdings in shares of Kopin by 25.0% in the 3rd quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock valued at $12,150,000 after acquiring an additional 1,000,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Kopin by 106.8% during the second 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 last quarter. 30.96% of the stock is currently owned by institutional investors.

About Kopin

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.