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

Key Points

• Analyst sentiment is moderately bullish: Eight firms rate Kopin a consensus “Moderate Buy,” with six buys, one hold and one sell. The average 12-month price target is $7.17, compared with the reported share price of $4.61.
• Kopin’s shares have been volatile: The stock has traded between $1.81 and $6.61 over the past year, with a beta of 3.58 and a market capitalization of approximately $856.9 million.
• Institutional ownership is significant: Major investors including BlackRock and AWM Investment Company established new positions, while other funds increased their holdings. Institutions and hedge funds collectively own 30.96% of Kopin’s stock.

Shares of Kopin Corporation (NASDAQ:KOPN - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $7.17.

Several analysts have issued reports on the stock. Weiss Ratings raised shares of Kopin from a "sell (d)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. Oppenheimer assumed coverage on shares of Kopin in a research note on Thursday, September 17th. They set an "outperform" rating and a $7.00 price objective for the company. Canaccord Genuity Group lifted their price objective on Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a research report on Friday, August 14th. Stifel Nicolaus set a $6.50 target price on Kopin in a research note on Friday, September 25th. Finally, Wall Street Zen upgraded Kopin from a "sell" rating to a "hold" rating in a report on Saturday, August 15th.

Kopin Stock Performance

KOPN opened at $4.61 on Friday. The company has a market cap of $856.86 million, a price-to-earnings ratio of 115.28 and a beta of 3.58. Kopin has a one year low of $1.81 and a one year high of $6.61. The business's fifty day moving average is $4.48 and its two-hundred day moving average is $4.15.

Institutional Trading of Kopin

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Kopin during the 2nd quarter worth about $66,205,000. AWM Investment Company Inc. purchased a new position in Kopin in the 2nd quarter valued at about $35,948,000. Telemark Asset Management LLC boosted its stake 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 purchasing an additional 2,000,000 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Kopin by 368.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company's stock worth $6,676,000 after purchasing an additional 1,172,369 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Kopin during the second quarter worth about $6,368,000. Institutional investors and hedge funds own 30.96% of the company's stock.

About Kopin

Kopin Corporation is a technology company that develops microdisplays, wearable-computing systems and application-specific optical solutions. Its technologies are designed for use in defense, professional, medical, industrial and consumer products, where compact displays and hands-free access to information can support situational awareness, training, inspection and other specialized tasks.

The company's product portfolio has included miniature display technologies such as active-matrix liquid crystal displays, organic light-emitting diode displays and other microdisplay architectures, along with optical modules, eyepieces and related system components.

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