Kopin Corporation (NASDAQ:KOPN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Kopin Corporation (NASDAQ:KOPN) have been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research 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 brokerages that have covered the stock in the last year is $4.6875.

Several research analysts have commented on the company. Lake Street Capital lifted their price target on Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Craig Hallum started coverage on shares of Kopin in a report on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 target price on the stock. Canaccord Genuity Group upped their price target on shares of Kopin from $3.00 to $3.25 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Stifel Nicolaus began coverage on shares of Kopin in a research note on Friday, October 17th. They issued a “buy” rating and a $5.50 price objective on the stock.

Kopin Price Performance

Shares of KOPN opened at $2.30 on Wednesday. Kopin has a 1-year low of $0.71 and a 1-year high of $4.16. The stock has a market cap of $418.86 million, a PE ratio of -57.38 and a beta of 2.72. The firm has a fifty day moving average price of $2.72 and a 200 day moving average price of $2.39.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.02 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.96 million for the quarter, compared to analyst estimates of $13.89 million. As a group, equities analysts expect that Kopin will post -0.14 EPS for the current fiscal year.

Institutional Trading of Kopin

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOPN. OMERS ADMINISTRATION Corp grew its stake in shares of Kopin by 33.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 281,600 shares of the company’s stock valued at $263,000 after purchasing an additional 70,400 shares during the last quarter. O Connor Financial Group LLC acquired a new stake in shares of Kopin during the second quarter worth $32,000. Silverberg Bernstein Capital Management LLC grew its position in Kopin by 43.7% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 1,059,709 shares of the company’s stock valued at $1,621,000 after buying an additional 322,205 shares during the last quarter. PFG Investments LLC acquired a new position in Kopin in the 2nd quarter valued at $245,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Kopin during the 2nd quarter worth $128,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Company Profile

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.