Kopin Corporation (NASDAQ:KOPN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Kopin Corporation (NASDAQ:KOPN) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $4.6875.

A number of equities analysts recently issued reports on KOPN shares. Lake Street Capital increased their target price on Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a report on Wednesday, October 8th. Canaccord Genuity Group boosted their price objective on Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Craig Hallum initiated coverage on Kopin in a report on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 target price on the stock.

Kopin Stock Performance

Shares of KOPN opened at $2.66 on Friday. The firm has a market cap of $485.48 million, a PE ratio of -66.50 and a beta of 2.72. Kopin has a 52-week low of $0.71 and a 52-week high of $4.16. The business’s 50 day moving average price is $3.01 and its two-hundred day moving average price is $2.28.

Kopin (NASDAQ:KOPN) last posted its quarterly 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. The firm had revenue of $11.96 million during the quarter, compared to the consensus estimate of $13.89 million. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. Research analysts predict that Kopin will post -0.14 EPS for the current fiscal year.

Institutional Trading of Kopin

Several institutional investors and 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 worth approximately $32,000. Russell Investments Group Ltd. bought a new position in Kopin in the 3rd quarter valued at $33,000. Prudential Financial Inc. purchased a new stake in shares of Kopin during the 2nd quarter valued at $25,000. Legal & General Group Plc bought a new stake in shares of Kopin during the 2nd quarter worth $25,000. Finally, AE Wealth Management LLC boosted its holdings 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 worth $41,000 after buying 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.