Kopin Corporation (NASDAQ:KOPN) Receives $7.20 Consensus Target Price from Brokerages

Shares of Kopin Corporation (NASDAQ:KOPN) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $7.20.

A number of equities analysts have weighed in on the company. Zacks Research cut Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Canaccord Genuity Group boosted their target price on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Weiss Ratings raised shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new stake in shares of Kopin during the second quarter worth approximately $33,000. Quantbot Technologies LP bought a new position in Kopin during the 2nd quarter valued at $39,000. Allworth Financial LP acquired a new position in Kopin during the 2nd quarter worth $41,000. Capstone Financial Advisors Inc. acquired a new position in Kopin during the 2nd quarter worth $45,000. Finally, Emergent Wealth Advisors LLC bought a new stake in shares of Kopin in the 2nd quarter worth about $48,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Trading Up 3.9%

Shares of KOPN stock opened at $4.56 on Monday. The firm has a 50-day moving average price of $4.25 and a 200 day moving average price of $3.89. Kopin has a twelve month low of $1.81 and a twelve month high of $6.61. The company has a market capitalization of $847.57 million, a price-to-earnings ratio of 114.03 and a beta of 3.57.

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.