Kopin Corporation (NASDAQ:KOPN) Receives $4.69 Average PT from Analysts

Shares of Kopin Corporation (NASDAQ:KOPN) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment 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 covered the stock in the last year is $4.6875.

Several analysts recently commented on the company. Lake Street Capital boosted their price target on Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a report on Wednesday, October 8th. Canaccord Genuity Group increased their target price on shares of Kopin from $3.00 to $3.25 and gave the company a “buy” rating in a research report on Thursday, November 13th. Stifel Nicolaus assumed coverage on shares of Kopin in a research report on Friday, October 17th. They set a “buy” rating and a $5.50 price target on the stock. Finally, Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th.

Kopin Price Performance

Shares of KOPN stock opened at $2.71 on Friday. Kopin has a 1-year low of $0.71 and a 1-year high of $4.16. The company has a market cap of $494.60 million, a price-to-earnings ratio of -67.75 and a beta of 2.72. The stock has a 50 day simple moving average of $3.00 and a 200-day simple moving average of $2.27.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results 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 net margin of 13.81% and a negative return on equity of 30.97%. The firm had revenue of $11.96 million for the quarter, compared to analysts’ expectations of $13.89 million. Analysts anticipate that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Trading of Kopin

Several hedge funds have recently made changes to their positions in KOPN. Bravias Capital Group LLC purchased a new position in shares of Kopin in the 3rd quarter valued at $32,000. Russell Investments Group Ltd. acquired a new position in Kopin in the 3rd quarter valued at about $33,000. Prudential Financial Inc. purchased a new stake in Kopin during the 2nd quarter valued at approximately $25,000. Legal & General Group Plc acquired a new stake in Kopin during the 2nd quarter worth approximately $25,000. Finally, AE Wealth Management LLC grew its stake in shares of Kopin by 68.7% in the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock valued at $41,000 after purchasing an additional 6,873 shares during the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

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.