Analysts Set Kopin Corporation (NASDAQ:KOPN) Price Target at $4.69

Shares of Kopin Corporation (NASDAQ:KOPN) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.6875.

A number of brokerages recently weighed in on KOPN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Lake Street Capital upped their target price on Kopin from $3.00 to $4.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Canaccord Genuity Group raised their price target on Kopin from $3.00 to $3.25 and gave the stock a “buy” rating in a report on Thursday, November 13th. Finally, Wall Street Zen upgraded Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th.

Kopin Price Performance

KOPN stock opened at $2.33 on Thursday. The firm has a market cap of $425.25 million, a price-to-earnings ratio of -58.25 and a beta of 2.93. Kopin has a 1-year low of $0.71 and a 1-year high of $4.16. The firm has a fifty day moving average price of $2.56 and a two-hundred day moving average price of $2.62.

Hedge Funds Weigh In On Kopin

Institutional investors have recently modified their holdings of the company. EWA LLC bought a new stake in Kopin in the 4th quarter valued at about $25,000. Prudential Financial Inc. bought a new position in shares of Kopin in the second quarter worth $25,000. Legal & General Group Plc bought a new position in shares of Kopin in the second quarter worth $25,000. Cibc World Markets Corp acquired a new position in shares of Kopin during the fourth quarter valued at $28,000. Finally, Bravias Capital Group LLC bought a new stake in shares of Kopin during the third quarter valued at about $32,000. Institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.