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

Kopin Corporation (NASDAQ:KOPN) has been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, 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 target among brokers that have covered the stock in the last year is $4.6875.

Several equities research analysts have issued reports on KOPN shares. Lake Street Capital raised their price target on Kopin from $3.00 to $4.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Stifel Nicolaus started coverage on shares of Kopin in a research report on Friday, October 17th. They issued a “buy” rating and a $5.50 price objective on the stock. Craig Hallum began coverage on shares of Kopin in a report on Wednesday, October 22nd. They set a “buy” rating and a $6.00 target price for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a research note on Wednesday, October 8th. Finally, Canaccord Genuity Group raised their price objective on shares of Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Thursday, November 13th.

Institutional Inflows and Outflows

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

Kopin Stock Performance

Kopin stock opened at $2.72 on Wednesday. The stock has a 50-day simple moving average of $2.60 and a 200 day simple moving average of $2.42. The stock has a market capitalization of $496.43 million, a P/E ratio of -68.00 and a beta of 2.70. Kopin has a 52 week low of $0.71 and a 52 week high of $4.16.

Kopin (NASDAQ:KOPN) last released 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 company had revenue of $11.96 million during the quarter, compared to analysts’ expectations of $13.89 million. Research analysts forecast that Kopin will post -0.14 earnings per share for the current year.

About Kopin

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.