Kopin (NASDAQ:KOPN) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Kopin from “sell” to “hold,” while other analysts remain broadly positive; the stock has an overall “Moderate Buy” rating and an average price target of $7.20.
• Kopin shares opened at $5.50, near their 52-week high of $6.61, with a $1.02 billion market capitalization and notably high volatility, reflected by a beta of 3.51.
• The company reported quarterly revenue of $10.55 million, above estimates, but missed earnings expectations with a loss of $0.02 per share versus the projected loss of $0.01; institutional investors own 30.96% of the stock.

Kopin (NASDAQ:KOPN - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

A number of other research firms also recently weighed in on KOPN. Lake Street Capital lifted their target price on Kopin from $5.00 to $7.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Stifel Nicolaus upped their price target on Kopin from $5.50 to $6.50 and gave the company a "buy" rating in a report on Wednesday, May 13th. Canaccord Genuity Group raised their price objective on Kopin from $6.25 to $6.50 and gave the stock a "buy" rating in a research report on Friday. Zacks Research downgraded Kopin from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Finally, JonesTrading initiated coverage on Kopin in a report on Monday, April 27th. They set a "buy" rating and a $6.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $7.20.

Kopin Price Performance

Shares of Kopin stock opened at $5.50 on Friday. The company has a market cap of $1.02 billion, a PE ratio of 137.53 and a beta of 3.51. The firm has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $3.58. Kopin has a fifty-two week low of $1.68 and a fifty-two week high of $6.61.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $10.55 million for the quarter, compared to the consensus estimate of $9.96 million. Kopin had a return on equity of 14.79% and a net margin of 18.26%. Analysts expect that Kopin will post -0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in KOPN. BlackRock Inc. bought a new stake in Kopin in the second quarter valued at about $66,205,000. State Street Corp raised its position in Kopin by 224.0% in the fourth quarter. State Street Corp now owns 11,119,885 shares of the company's stock worth $26,021,000 after purchasing an additional 7,687,358 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kopin by 11.2% during the third quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company's stock worth $22,784,000 after purchasing an additional 945,662 shares during the period. AWM Investment Company Inc. bought a new position in Kopin during the second quarter worth about $35,948,000. Finally, Telemark Asset Management LLC boosted its holdings in Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company's stock valued at $16,380,000 after purchasing an additional 2,000,000 shares in the last quarter. 30.96% of the stock is owned by institutional investors.

About Kopin

Kopin Corporation NASDAQ: KOPN is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.

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