Brokerages Set Kopin Corporation (NASDAQ:KOPN) Price Target at $4.69

Kopin Corporation (NASDAQ:KOPN) has been given a consensus rating of “Moderate Buy” by the five analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $4.6875.

Several research firms have commented on KOPN. Stifel Nicolaus assumed coverage on shares of Kopin in a research note on Friday, October 17th. They set a “buy” rating and a $5.50 price target on the stock. Lake Street Capital boosted their price target on shares of Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Finally, Canaccord Genuity Group raised their price objective on Kopin from $3.00 to $3.25 and gave the company a “buy” rating in a research note on Thursday, November 13th.

Kopin Trading Up 4.2%

Shares of KOPN opened at $2.75 on Friday. Kopin has a 1 year low of $0.71 and a 1 year high of $4.16. The stock has a 50 day simple moving average of $2.61 and a 200-day simple moving average of $2.56. The stock has a market cap of $501.90 million, a PE ratio of -68.75 and a beta of 2.70.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $11.96 million during the quarter, compared to analysts’ expectations of $13.89 million. On average, sell-side analysts forecast that Kopin will post -0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. purchased a new position in shares of Kopin during the 2nd quarter worth approximately $25,000. Legal & General Group Plc bought a new position in Kopin in the 2nd quarter valued at $25,000. Bravias Capital Group LLC bought a new stake in shares of Kopin in the third quarter valued at about $32,000. Russell Investments Group Ltd. bought a new position in shares of Kopin during the 3rd quarter worth approximately $33,000. Finally, AE Wealth Management LLC increased its position 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 valued at $41,000 after acquiring an additional 6,873 shares during the period. Institutional investors own 30.96% of the company’s stock.

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.