Kopin Corporation (NASDAQ:KOPN) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Kopin Corporation has received a consensus rating of "Moderate Buy" from five research firms, with four analysts issuing buy ratings and one a sell rating.
• The average price target set by brokerages for Kopin's stock over the next year is $3.6250, with recent price targets being raised by Lake Street Capital and Canaccord Genuity to $3.00.
• Kopin's recent quarterly earnings report showed a loss of ($0.03) per share, missing estimates, with revenues falling short at $8.46 million compared to the expected $10.57 million.

Shares of Kopin Corporation (NASDAQ:KOPN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.6250.

KOPN has been the subject of several analyst reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kopin in a report on Wednesday, October 8th. Wall Street Zen cut Kopin from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Lake Street Capital lifted their price objective on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Canaccord Genuity Group lifted their price objective on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a report on Tuesday, September 16th. Finally, Stifel Nicolaus initiated coverage on Kopin in a research note on Friday. They issued a "buy" rating and a $5.50 price target on the stock.

Kopin Stock Performance

NASDAQ:KOPN traded up $0.04 during mid-day trading on Friday, hitting $3.69. 2,619,145 shares of the stock were exchanged, compared to its average volume of 4,146,091. The stock has a market capitalization of $599.95 million, a price-to-earnings ratio of -40.94 and a beta of 2.98. The firm's 50-day simple moving average is $2.45 and its 200 day simple moving average is $1.80. Kopin has a fifty-two week low of $0.65 and a fifty-two week high of $4.11.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The company had revenue of $8.46 million during the quarter, compared to analyst estimates of $10.57 million. Kopin had a negative net margin of 29.47% and a negative return on equity of 66.91%. On average, analysts predict that Kopin will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several hedge funds and other institutional investors have recently modified their holdings of KOPN. Prudential Financial Inc. bought a new position in shares of Kopin in the 2nd quarter valued at $25,000. Legal & General Group Plc bought a new position in shares of Kopin in the 2nd quarter valued at $25,000. O Connor Financial Group LLC bought a new position in shares of Kopin in the 2nd quarter valued at $32,000. Virtu Financial LLC bought a new position in shares of Kopin in the 1st quarter valued at $36,000. Finally, Police & Firemen s Retirement System of New Jersey bought a new position in shares of Kopin in the 2nd quarter valued at $49,000. Institutional investors own 30.96% of the company's stock.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.