Kopin Corporation (NASDAQ:KOPN) Stock Has Average Target Price of $7.17 According to Brokerages

Shares of Kopin Corporation (NASDAQ:KOPN) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $7.17.

KOPN has been the subject of a number of recent research reports. Stifel Nicolaus set a $6.50 target price on shares of Kopin in a report on Friday, September 25th. Weiss Ratings downgraded shares of Kopin from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Canaccord Genuity Group lifted their price objective on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Oppenheimer started coverage on shares of Kopin in a research note on Thursday, September 17th. They issued an “outperform” rating and a $7.00 price objective for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOPN. BlackRock Inc. purchased a new position in Kopin during the second quarter worth $66,205,000. AWM Investment Company Inc. purchased a new stake in shares of Kopin in the second quarter valued at $35,948,000. Squarepoint Ops LLC raised its stake in shares of Kopin by 368.8% in the second quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock valued at $6,676,000 after acquiring an additional 1,172,369 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Kopin in the second quarter valued at $6,368,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Kopin in the 2nd quarter worth about $2,542,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Stock Performance

KOPN stock opened at $3.79 on Tuesday. The company has a market capitalization of $704.45 million, a PE ratio of 94.77 and a beta of 3.59. Kopin has a one year low of $1.81 and a one year high of $6.61. The company’s fifty day moving average price is $4.34 and its 200-day moving average price is $3.78.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.00 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.01. Kopin had a return on equity of 14.79% and a net margin of 18.26%. The firm had revenue of $12.73 million during the quarter, compared to analyst estimates of $11.75 million. During the same quarter last year, the business posted ($0.03) earnings per share. The business’s quarterly revenue was up 50.62% compared to the same quarter last year. On average, research analysts predict that Kopin will post -0.02 EPS for the current fiscal year.

About Kopin

Kopin Corporation (NASDAQ: KOPN) develops wearable computing technologies, microdisplays and optical systems for defense, enterprise, medical and consumer applications. Its products are designed to provide users with hands-free access to information through head-worn and other compact display systems.

The company’s technologies include high-resolution liquid-crystal and OLED microdisplays, display modules, optical components and specialized software. Kopin integrates these components into systems such as head-mounted displays, helmet-mounted displays, thermal imaging and night-vision equipment, and wearable devices used in industrial, medical and other specialized environments.

Founded in 1984 and headquartered in Westborough, Massachusetts, Kopin serves customers and partners in the United States and international markets.