Wesbanco Bank Inc. Takes Position in Kopin Corporation $KOPN

Wesbanco Bank Inc. purchased a new stake in Kopin Corporation (NASDAQ:KOPN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 300,000 shares of the company’s stock, valued at approximately $729,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Prudential Financial Inc. acquired a new position in shares of Kopin during the second quarter worth approximately $25,000. Legal & General Group Plc acquired a new stake in shares of Kopin in the second quarter valued at approximately $25,000. Bravias Capital Group LLC bought a new position in Kopin in the 3rd quarter worth approximately $32,000. AE Wealth Management LLC lifted its holdings in 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 buying an additional 6,873 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new position in Kopin during the 3rd quarter worth $46,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Trading Down 3.0%

KOPN stock opened at $2.28 on Thursday. The business’s 50-day moving average price is $2.64 and its two-hundred day moving average price is $2.59. Kopin Corporation has a 1-year low of $0.71 and a 1-year high of $4.16. The firm has a market cap of $416.12 million, a PE ratio of -57.00 and a beta of 2.93.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KOPN shares. Lake Street Capital boosted their target price on Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Stifel Nicolaus assumed coverage on Kopin in a report on Friday, October 17th. They issued a “buy” rating and a $5.50 price target on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. 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, Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $4.69.

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.