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

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

Several brokerages recently issued reports on KOPN. Canaccord Genuity Group boosted their price objective on shares of Kopin from $3.00 to $3.25 and gave the company a “buy” rating in a report on Thursday, November 13th. Craig Hallum began coverage on shares of Kopin in a research note on Wednesday, October 22nd. They issued a “buy” rating and a $6.00 price target on the stock. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Finally, Lake Street Capital raised 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.

Kopin Stock Up 1.4%

KOPN stock opened at $2.25 on Thursday. Kopin has a 52-week low of $0.71 and a 52-week high of $4.16. The stock has a market cap of $410.65 million, a price-to-earnings ratio of -56.25 and a beta of 2.93. The business has a fifty day moving average of $2.59 and a two-hundred day moving average of $2.61.

Institutional Trading of Kopin

Several hedge funds have recently made changes to their positions in KOPN. State Street Corp grew its holdings in shares of Kopin by 224.0% in the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after purchasing an additional 7,687,358 shares in the last quarter. Telemark Asset Management LLC raised its stake in shares of Kopin by 40.0% in the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock valued at $16,380,000 after acquiring an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kopin by 106.8% in the second quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after acquiring an additional 1,806,632 shares in the last quarter. CenterBook Partners LP purchased a new position in Kopin in the fourth quarter valued at $2,925,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Kopin during the 2nd quarter worth $1,834,000. Institutional investors and hedge funds 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.