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

Shares of Kopin Corporation (NASDAQ:KOPN) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.17.

A number of research firms recently weighed in on KOPN. Stifel Nicolaus set a $6.50 price target on shares of Kopin in a research report on Friday, September 25th. Oppenheimer initiated coverage on shares of Kopin in a report on Thursday, September 17th. They issued an “outperform” rating and a $7.00 price objective for the company. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Finally, Canaccord Genuity Group upped their price target on Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a research report on Friday, August 14th.

Kopin Stock Performance

Shares of KOPN stock opened at $4.91 on Friday. Kopin has a fifty-two week low of $1.81 and a fifty-two week high of $6.61. The stock’s fifty day moving average is $4.51 and its two-hundred day moving average is $4.17. The firm has a market capitalization of $912.62 million, a P/E ratio of 122.78 and a beta of 3.59.

Institutional Trading of Kopin

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Kopin in the 2nd quarter valued at about $66,205,000. AWM Investment Company Inc. acquired a new stake in shares of Kopin during the 2nd quarter worth approximately $35,948,000. Telemark Asset Management LLC increased its holdings in shares of Kopin by 40.0% during the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after buying an additional 2,000,000 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Kopin during the 2nd quarter valued at approximately $6,368,000. Finally, CenterBook Partners LP purchased a new stake in shares of Kopin during the 4th quarter valued at approximately $2,925,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Kopin Company Profile

Kopin Corporation (NASDAQ: KOPN) develops and supplies wearable computing technologies, including microdisplays, optical systems and related components. Its products are designed for applications that require compact, high-resolution displays and hands-free access to information.

The company’s offerings have included liquid crystal, OLED and other microdisplay technologies, as well as display modules, lenses and customized optical systems. Kopin serves defense and aerospace, industrial, medical and consumer electronics markets, with products intended for applications such as head-mounted displays, night vision, thermal imaging, training systems and wearable computing devices.

Founded in 1984, Kopin is headquartered in Westborough, Massachusetts, and sells its technologies to customers and partners in the United States and international markets.