Kopin Corporation (NASDAQ:KOPN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Kopin Corporation (NASDAQ:KOPN) have been given a consensus rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.20.

A number of research analysts have recently commented on KOPN shares. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Canaccord Genuity Group raised their price target on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a report on Friday, August 14th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Lake Street Capital upped their price objective on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th.

Kopin Stock Performance

Kopin stock opened at $4.28 on Monday. The firm has a market capitalization of $795.54 million, a PE ratio of 107.03 and a beta of 3.57. Kopin has a one year low of $1.81 and a one year high of $6.61. The stock’s 50 day moving average price is $4.23 and its 200 day moving average price is $3.83.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. EWA LLC acquired a new stake in Kopin during the 4th quarter valued at approximately $25,000. Prudential Financial Inc. acquired a new position in shares of Kopin in the 2nd quarter valued at approximately $25,000. Legal & General Group Plc purchased a new position in shares of Kopin during the 2nd quarter valued at approximately $25,000. Cibc World Markets Corp purchased a new position in shares of Kopin during the 4th quarter valued at approximately $28,000. Finally, Principal Financial Group Inc. grew its position in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after buying an additional 3,243 shares in the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

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.