Kopin Corporation (NASDAQ:KOPN) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Kopin Corporation (NASDAQ:KOPN) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $7.17.

Several research analysts have commented on the stock. Stifel Nicolaus set a $6.50 price target on shares of Kopin in a research note on Friday, September 25th. Wall Street Zen raised shares of Kopin from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Oppenheimer initiated coverage on shares of Kopin in a research note on Thursday, September 17th. They issued an “outperform” rating and a $7.00 price target for the company. Finally, Canaccord Genuity Group upped their price target on shares of Kopin from $6.25 to $6.50 and gave the company a “buy” rating in a research report on Friday, August 14th.

Kopin Stock Up 0.2%

Shares of KOPN stock opened at $4.88 on Friday. The business has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $4.21. Kopin has a 12-month low of $1.81 and a 12-month high of $6.61. The firm has a market cap of $907.05 million, a P/E ratio of 122.03 and a beta of 3.59.

Institutional Investors Weigh In On Kopin

Several institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after buying an additional 3,243 shares during the period. Private Advisor Group LLC purchased a new position in shares of Kopin in the first quarter valued at about $32,000. Meeder Asset Management Inc. purchased a new position in shares of Kopin in the second quarter valued at about $33,000. Quantbot Technologies LP bought a new position in shares of Kopin during the second quarter valued at about $39,000. Finally, Allworth Financial LP bought a new position in shares of Kopin during the second quarter valued at about $41,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

About Kopin

Kopin Corporation (NASDAQ: KOPN) develops and supplies wearable computing technologies, including microdisplays, optical systems and related components. Its products are designed for applications that require compact, high-resolution displays and hands-free access to information.

The company’s offerings have included liquid crystal, OLED and other microdisplay technologies, as well as display modules, lenses and customized optical systems. Kopin serves defense and aerospace, industrial, medical and consumer electronics markets, with products intended for applications such as head-mounted displays, night vision, thermal imaging, training systems and wearable computing devices.

Founded in 1984, Kopin is headquartered in Westborough, Massachusetts, and sells its technologies to customers and partners in the United States and international markets.