Kopin Corporation (NASDAQ:KOPN) Receives $7.20 Average Target Price from Analysts

Shares of Kopin Corporation (NASDAQ:KOPN) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $7.20.

A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Wall Street Zen raised Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Zacks Research cut Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Canaccord Genuity Group raised their price target on Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research report on Friday, August 14th.

Institutional Trading of Kopin

Several institutional investors have recently modified their holdings of KOPN. BlackRock Inc. acquired a new position in Kopin during the second quarter worth approximately $66,205,000. AWM Investment Company Inc. purchased a new stake in shares of Kopin in the second quarter valued at about $35,948,000. State Street Corp boosted its stake in shares of Kopin by 224.0% during the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock worth $26,021,000 after buying an additional 7,687,358 shares during the period. Telemark Asset Management LLC boosted its stake in shares of Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after buying an additional 2,000,000 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after purchasing an additional 1,806,632 shares during the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Price Performance

Shares of KOPN opened at $4.56 on Monday. Kopin has a 1-year low of $1.81 and a 1-year high of $6.61. The stock has a market cap of $847.57 million, a PE ratio of 114.03 and a beta of 3.57. The firm has a 50-day simple moving average of $4.25 and a two-hundred day simple moving average of $3.91.

Kopin Company Profile

Kopin Corporation is a technology company that develops microdisplays, wearable-computing systems and application-specific optical solutions. Its technologies are designed for use in defense, professional, medical, industrial and consumer products, where compact displays and hands-free access to information can support situational awareness, training, inspection and other specialized tasks.

The company’s product portfolio has included miniature display technologies such as active-matrix liquid crystal displays, organic light-emitting diode displays and other microdisplay architectures, along with optical modules, eyepieces and related system components.