Kopin Corporation (NASDAQ:KOPN) Stock Has Average Price Target of $7.17

Shares of Kopin Corporation (NASDAQ:KOPN) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.17.

Several equities analysts recently issued reports on the company. Canaccord Genuity Group raised their price objective on Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Oppenheimer initiated coverage on Kopin in a research report on Thursday, September 17th. They set an “outperform” rating and a $7.00 price target on the stock. Weiss Ratings downgraded Kopin from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Finally, Stifel Nicolaus set a $6.50 price objective on Kopin in a research report on Friday, September 25th.

Institutional Trading of Kopin

A number of large investors have recently modified their holdings of KOPN. BlackRock Inc. bought a new stake in shares of Kopin in the 2nd quarter worth $66,205,000. AWM Investment Company Inc. acquired a new stake in shares of Kopin in the second quarter valued at $35,948,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Kopin during the second quarter valued at about $6,368,000. Squarepoint Ops LLC boosted its stake in Kopin by 368.8% during the second quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock valued at $6,676,000 after buying an additional 1,172,369 shares in the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Kopin in the 2nd quarter worth approximately $2,542,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Stock Performance

NASDAQ:KOPN opened at $3.44 on Tuesday. Kopin has a one year low of $1.81 and a one year high of $6.61. The business’s 50-day simple moving average is $4.31 and its 200 day simple moving average is $3.78. The stock has a market cap of $639.39 million, a price-to-earnings ratio of 97.50 and a beta of 3.59.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. Kopin had a net margin of 18.26% and a return on equity of 14.79%. The business had revenue of $12.73 million during the quarter, compared to the consensus estimate of $11.75 million. During the same quarter last year, the company earned ($0.03) earnings per share. The business’s quarterly revenue was up 50.62% compared to the same quarter last year. On average, equities research analysts predict that Kopin will post -0.02 EPS for the current year.

About Kopin

Kopin Corporation (NASDAQ: KOPN) develops wearable computing technologies, microdisplays and optical systems for defense, enterprise, medical and consumer applications. Its products are designed to provide users with hands-free access to information through head-worn and other compact display systems.

The company’s technologies include high-resolution liquid-crystal and OLED microdisplays, display modules, optical components and specialized software. Kopin integrates these components into systems such as head-mounted displays, helmet-mounted displays, thermal imaging and night-vision equipment, and wearable devices used in industrial, medical and other specialized environments.

Founded in 1984 and headquartered in Westborough, Massachusetts, Kopin serves customers and partners in the United States and international markets.