Brokerages Set Kopin Corporation (NASDAQ:KOPN) PT at $7.15

Kopin Corporation (NASDAQ:KOPN) has been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.20.

A number of analysts have commented on the stock. Canaccord Genuity Group lifted 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. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen raised Kopin from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Stifel Nicolaus upped their price objective on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a report on Wednesday, May 13th.

Institutional Trading of Kopin

Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG grew its holdings in Kopin by 40.3% during the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock valued at $3,181,000 after purchasing an additional 390,404 shares during the period. DNB Asset Management AS raised its holdings in Kopin by 123.2% in the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock worth $3,029,000 after purchasing an additional 714,423 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Kopin in the third quarter worth $976,000. Telemark Asset Management LLC boosted its position in shares of Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, AMG National Trust Bank bought a new position in shares of Kopin during the second quarter worth $650,000. 30.96% of the stock is owned by institutional investors.

Kopin Stock Down 3.3%

Kopin stock opened at $5.32 on Thursday. The business’s 50-day simple moving average is $4.22 and its 200 day simple moving average is $3.61. The stock has a market cap of $988.83 million, a price-to-earnings ratio of 133.03 and a beta of 3.51. Kopin has a 12-month low of $1.68 and a 12-month high of $6.61.

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.