Kopin (NASDAQ:KOPN) Shares Gap Up – Should You Buy?

Kopin Corporation (NASDAQ:KOPN)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $4.20, but opened at $4.59. Kopin shares last traded at $4.3650, with a volume of 1,119,321 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KOPN shares. Oppenheimer began coverage on Kopin in a research report on Thursday, September 17th. They issued an “outperform” rating and a $7.00 price target for the company. Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Stifel Nicolaus set a $6.50 target price on shares of Kopin in a report on Friday, September 25th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Canaccord Genuity Group upped their price target on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a report on Friday, August 14th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $7.17.

Kopin Trading Up 6.1%

The stock has a market cap of $828.05 million, a price-to-earnings ratio of 111.40 and a beta of 3.59. The stock has a 50-day moving average price of $4.60 and a two-hundred day moving average price of $4.24.

Hedge Funds Weigh In On Kopin

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Kopin during the 2nd quarter worth approximately $66,205,000. AWM Investment Company Inc. acquired a new stake in shares of Kopin during the second quarter worth $35,948,000. Squarepoint Ops LLC grew its holdings in shares of Kopin by 368.8% during the second quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock valued at $6,676,000 after buying an additional 1,172,369 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Kopin in the 2nd quarter valued at $6,368,000. Finally, Silverberg Bernstein Capital Management LLC increased its position in shares of Kopin by 2.6% in the 1st quarter. Silverberg Bernstein Capital Management LLC now owns 1,310,676 shares of the company’s stock valued at $2,949,000 after acquiring an additional 33,267 shares during the period. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.