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

Key Points

• Kopin has a “Moderate Buy” consensus rating from eight analysts, with six buys, one hold and one sell. The average 12-month price target is $7.17, including recent targets ranging from $6.50 to $7.00.
• Institutional investors own 30.96% of Kopin, with several funds recently initiating or increasing positions, including Principal Financial Group, which raised its stake by 30.7%.
• Kopin shares opened at $3.40, versus a 52-week range of $1.81 to $6.61. The company develops microdisplays, optical systems and wearable computing technologies for defense, medical, enterprise and consumer applications.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $7.17.

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Kopin from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Canaccord Genuity Group raised their target price on shares of Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a report on Friday, August 14th. Weiss Ratings downgraded Kopin from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday. Stifel Nicolaus set a $6.50 price objective on shares of Kopin in a research report on Friday, September 25th. Finally, Oppenheimer started coverage on shares of Kopin in a report on Thursday, September 17th. They issued an "outperform" rating and a $7.00 target price on the stock.

Institutional Investors Weigh In On Kopin

Several hedge funds and other institutional investors have recently made changes to their positions in KOPN. Principal Financial Group Inc. increased its position in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company's stock worth $31,000 after purchasing an additional 3,243 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Kopin in the first quarter valued at approximately $32,000. Meeder Asset Management Inc. acquired a new stake in Kopin in the second quarter valued at approximately $33,000. Quantbot Technologies LP bought a new stake in shares of Kopin during the second quarter worth $39,000. Finally, Allworth Financial LP bought a new position in Kopin in the second quarter valued at about $41,000. 30.96% of the stock is owned by institutional investors.

Kopin Price Performance

Shares of Kopin stock opened at $3.40 on Tuesday. The firm has a market cap of $631.96 million, a price-to-earnings ratio of 85.02 and a beta of 3.59. The stock's 50-day moving average is $4.43 and its 200-day moving average is $3.76. Kopin has a one year low of $1.81 and a one year high of $6.61.

Kopin Company Profile

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.

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