Kopin (NASDAQ:KOPN) Raised to Hold at Wall Street Zen

Kopin (NASDAQ:KOPN) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts also recently commented on the company. Weiss Ratings raised Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Lake Street Capital boosted their target price on shares of Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Canaccord Genuity Group boosted their target price on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus upped their price target on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $7.20.

Kopin Price Performance

KOPN stock opened at $5.50 on Friday. The business has a 50 day moving average price of $4.22 and a two-hundred day moving average price of $3.59. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 137.53 and a beta of 3.51. Kopin has a twelve month low of $1.68 and a twelve month high of $6.61.

Institutional Trading of Kopin

Hedge funds have recently made changes to their positions in the business. EWA LLC bought a new position in shares of Kopin during the 4th quarter worth approximately $25,000. Prudential Financial Inc. acquired a new position in shares of Kopin during the 2nd quarter worth approximately $25,000. Legal & General Group Plc bought a new stake in Kopin in the 2nd quarter valued at $25,000. Cibc World Markets Corp bought a new stake in Kopin in the 4th quarter valued at $28,000. Finally, Principal Financial Group Inc. lifted its holdings in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after purchasing an additional 3,243 shares during the last quarter. 30.96% of the stock is owned by institutional investors and hedge funds.

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.