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

Kopin Corporation (NASDAQ:KOPN) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $4.6875.

A number of brokerages recently issued reports on KOPN. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Stifel Nicolaus initiated coverage on shares of Kopin in a research note on Friday, October 17th. They set a “buy” rating and a $5.50 price target for the company. Canaccord Genuity Group boosted their price objective on shares of Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Craig Hallum initiated coverage on Kopin in a report on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Lake Street Capital raised 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.

Institutional Trading of Kopin

Institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. bought a new position in Kopin during the 2nd quarter worth approximately $25,000. Legal & General Group Plc acquired a new stake in shares of Kopin during the second quarter worth $25,000. O Connor Financial Group LLC bought a new position in Kopin during the second quarter worth $32,000. Bravias Capital Group LLC acquired a new position in Kopin in the third quarter valued at $32,000. Finally, Russell Investments Group Ltd. acquired a new position in Kopin in the third quarter valued at $33,000. 30.96% of the stock is currently owned by institutional investors.

Kopin Stock Up 6.4%

NASDAQ KOPN opened at $2.49 on Wednesday. The company has a market cap of $454.45 million, a price-to-earnings ratio of -62.25 and a beta of 2.70. Kopin has a twelve month low of $0.71 and a twelve month high of $4.16. The business’s fifty day moving average is $2.64 and its 200 day moving average is $2.40.

Kopin (NASDAQ:KOPN) last issued its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping 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 business had revenue of $11.96 million during the quarter, compared to analysts’ expectations of $13.89 million. On average, research analysts anticipate that Kopin will post -0.14 earnings per share for the current fiscal 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.