Kopin (NASDAQ:KOPN) Price Target Raised to $7.50

Kopin (NASDAQ:KOPN) had its price objective hoisted by investment analysts at Canaccord Genuity Group from $6.50 to $7.50 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group‘s price objective suggests a potential upside of 101.61% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Zacks Research cut shares of Kopin from a “hold” rating to a “strong sell” rating in a research note on Tuesday. 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 cut shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday. Oppenheimer reiterated an “outperform” rating on shares of Kopin in a research note on Wednesday. Finally, Stifel Nicolaus set a $6.50 target price on Kopin in a report on Friday, September 25th. Six research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Kopin currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.33.

Kopin Stock Performance

Shares of KOPN opened at $3.72 on Thursday. The firm has a market capitalization of $691.44 million, a price-to-earnings ratio of 93.00 and a beta of 3.72. Kopin has a one year low of $1.81 and a one year high of $6.61. The stock’s fifty day moving average is $4.12 and its 200-day moving average is $3.79.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Tuesday, November 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $18.19 million during the quarter, compared to analyst estimates of $15.96 million. Kopin had a return on equity of 0.72% and a net margin of 0.93%. During the same period in the previous year, the company earned $0.02 EPS. Analysts forecast that Kopin will post -0.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Kopin in the 2nd quarter worth approximately $66,205,000. Focused Wealth Management Inc bought a new stake in Kopin during the second quarter worth approximately $1,026,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Kopin during the second quarter worth approximately $2,542,000. Squarepoint Ops LLC boosted its holdings in Kopin by 368.8% during the second quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock worth $6,676,000 after buying an additional 1,172,369 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in Kopin in the second quarter worth approximately $1,717,000. Institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

Kopin Corporation develops and supplies microdisplays, optical components and wearable display systems. Its technologies include active-matrix liquid-crystal, liquid-crystal-on-silicon and OLED displays, along with related optics and electronics used to create compact, high-resolution viewing systems. The company’s products serve defense, enterprise, medical and other markets. Applications include helmet-mounted displays, night-vision and thermal-imaging systems, industrial and training equipment, and medical devices.