Kopin (NASDAQ:KOPN) Coverage Initiated at Craig Hallum

Key Points

• Craig Hallum has initiated coverage on Kopin (NASDAQ:KOPN) with a buy rating and a price target of $6.00, indicating a potential upside of 47.78% from its current price.
• Despite the positive outlook from Craig Hallum, other analysts like Weiss Ratings and Wall Street Zen have issued a sell rating on the stock, reflecting mixed sentiments among analysts.
• Kopin recently reported earnings with a loss of ($0.03) per share, falling short of consensus estimates, and its revenue also missed expectations at $8.46 million.

Research analysts at Craig Hallum started coverage on shares of Kopin (NASDAQ:KOPN - Get Free Report) in a note issued to investors on Wednesday. The firm set a "buy" rating and a $6.00 price target on the stock. Craig Hallum's price target suggests a potential upside of 47.78% from the stock's current price.

Other analysts also recently issued research reports about the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Kopin in a report on Wednesday, October 8th. Wall Street Zen downgraded Kopin from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. Canaccord Genuity Group lifted their target price on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Lake Street Capital lifted their target price on Kopin from $2.50 to $3.00 and gave the company a "buy" rating in a research note on Tuesday, September 16th. Finally, Stifel Nicolaus began coverage on Kopin in a research note on Friday. They set a "buy" rating and a $5.50 target price on the stock. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Kopin currently has an average rating of "Moderate Buy" and a consensus target price of $4.10.

Kopin Trading Down 1.0%

Shares of NASDAQ KOPN opened at $4.06 on Wednesday. The company has a market cap of $660.99 million, a price-to-earnings ratio of -45.11 and a beta of 2.98. Kopin has a 12-month low of $0.65 and a 12-month high of $4.12. The stock's 50 day simple moving average is $2.57 and its 200 day simple moving average is $1.87.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.03) earnings per share (EPS) 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 the consensus estimate of $10.57 million. Kopin had a negative return on equity of 66.91% and a negative net margin of 29.47%. As a group, equities analysts forecast that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. bought a new stake in shares of Kopin during the 2nd quarter worth about $25,000. Legal & General Group Plc acquired a new position in shares of Kopin during the 2nd quarter worth about $25,000. O Connor Financial Group LLC acquired a new position in shares of Kopin during the 2nd quarter worth about $32,000. Bravias Capital Group LLC acquired a new position in shares of Kopin during the 3rd quarter worth about $32,000. Finally, Virtu Financial LLC acquired a new position in shares of Kopin during the 1st quarter worth about $36,000. Hedge funds and other 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.

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