Kopin Corporation (NASDAQ:KOPN) Given Average Recommendation of “Moderate Buy” by Brokerages

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

KOPN has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Canaccord Genuity Group upped their price objective on shares of Kopin from $3.00 to $3.25 and gave the company a “buy” rating in a research report on Thursday, November 13th. Lake Street Capital raised their price objective on Kopin from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. Finally, Wall Street Zen raised Kopin from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th.

Kopin Trading Down 6.1%

Shares of KOPN opened at $2.15 on Thursday. The stock has a market cap of $392.40 million, a P/E ratio of -53.75 and a beta of 2.93. Kopin has a 1 year low of $0.71 and a 1 year high of $4.16. The stock’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $2.62.

Institutional Trading of Kopin

Several hedge funds have recently bought and sold shares of KOPN. State Street Corp increased its position in shares of Kopin by 224.0% during the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock worth $26,021,000 after acquiring an additional 7,687,358 shares in the last quarter. AWM Investment Company Inc. lifted its position in Kopin by 1.5% in the 2nd quarter. AWM Investment Company Inc. now owns 9,863,887 shares of the company’s stock valued at $15,092,000 after acquiring an additional 149,188 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kopin by 11.2% in the 3rd 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. Telemark Asset Management LLC increased its holdings in Kopin by 40.0% during the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Kopin by 14.5% during the 4th quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company’s stock worth $10,080,000 after purchasing an additional 544,189 shares in the last quarter. 30.96% of the stock is currently owned by institutional investors and hedge funds.

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.