Kopin Corporation (NASDAQ:KOPN) Receives $7.15 Average Price Target from Brokerages

Kopin Corporation (NASDAQ:KOPN) has received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.20.

KOPN has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, August 12th. Wall Street Zen upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. JonesTrading initiated coverage on shares of Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 target price on the stock. Zacks Research downgraded shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Lake Street Capital boosted their price target on Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, May 13th.

Kopin Trading Down 2.2%

NASDAQ:KOPN opened at $4.93 on Thursday. The company has a market cap of $916.35 million, a price-to-earnings ratio of 123.28 and a beta of 3.51. Kopin has a twelve month low of $1.68 and a twelve month high of $6.61. The stock has a fifty day simple moving average of $4.23 and a 200-day simple moving average of $3.64.

Hedge Funds Weigh In On Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in KOPN. Meeder Asset Management Inc. purchased a new stake in Kopin in the second quarter worth about $33,000. Quantbot Technologies LP bought a new stake in shares of Kopin in the 2nd quarter valued at about $39,000. Allworth Financial LP purchased a new stake in shares of Kopin in the 2nd quarter worth approximately $41,000. EWA LLC purchased a new stake in shares of Kopin in the 4th quarter worth approximately $25,000. Finally, Cibc World Markets Corp bought a new position in shares of Kopin during the fourth quarter valued at approximately $28,000. Institutional investors own 30.96% of the company’s stock.

About Kopin

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.