Kopin (NASDAQ:KOPN) Shares Gap Up – Still a Buy?

Shares of Kopin Corporation (NASDAQ:KOPN) gapped up prior to trading on Friday . The stock had previously closed at $2.96, but opened at $3.30. Kopin shares last traded at $3.2950, with a volume of 6,539,661 shares.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on KOPN. Stifel Nicolaus started coverage on shares of Kopin in a research report on Friday, October 17th. They set a “buy” rating and a $5.50 price objective for the company. Canaccord Genuity Group increased their target price 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. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a report on Wednesday, October 8th. Finally, Craig Hallum started coverage on Kopin in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 target price for the company. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $4.69.

Kopin Price Performance

The stock has a market cap of $602.29 million, a price-to-earnings ratio of -82.50 and a beta of 2.70. The company’s fifty day simple moving average is $2.56 and its two-hundred day simple moving average is $2.49.

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, beating analysts’ consensus estimates of ($0.01) by $0.03. Kopin had a negative net margin of 13.81% and a negative return on equity of 30.97%. The firm had revenue of $11.96 million during the quarter, compared to analysts’ expectations of $13.89 million. On average, analysts forecast that Kopin Corporation will post -0.14 earnings per share for the current year.

Institutional Trading of Kopin

Institutional investors and hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC grew its stake 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 worth $41,000 after acquiring an additional 6,873 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Kopin by 19.0% during the second quarter. Fisher Asset Management LLC now owns 65,875 shares of the company’s stock worth $101,000 after purchasing an additional 10,515 shares during the last quarter. Bravias Capital Group LLC purchased a new position in Kopin during the third quarter worth about $32,000. Russell Investments Group Ltd. bought a new stake in Kopin in the 3rd quarter worth about $33,000. Finally, Prudential Financial Inc. purchased a new stake in Kopin in the 2nd quarter valued at about $25,000. 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.