Stifel Nicolaus Increases Kopin (NASDAQ:KOPN) Price Target to $6.50

Kopin (NASDAQ:KOPNGet Free Report) had its price objective increased by research analysts at Stifel Nicolaus from $5.50 to $6.50 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 24.76% from the stock’s previous close.

Several other research analysts have also commented on KOPN. Lake Street Capital restated a “buy” rating and set a $5.00 price target on shares of Kopin in a research note on Wednesday, April 29th. Craig Hallum reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Kopin in a research note on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, Canaccord Genuity Group started coverage on Kopin in a research report on Friday, May 8th. They issued a “buy” rating and a $5.50 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Kopin presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.60.

Check Out Our Latest Analysis on Kopin

Kopin Stock Performance

Shares of Kopin stock traded down $0.14 during trading on Wednesday, hitting $5.21. 2,920,320 shares of the stock traded hands, compared to its average volume of 5,076,335. The stock has a market cap of $955.31 million, a P/E ratio of 523.52 and a beta of 3.40. The company has a fifty day moving average price of $2.89 and a two-hundred day moving average price of $2.73. Kopin has a twelve month low of $1.23 and a twelve month high of $6.45.

Kopin (NASDAQ:KOPNGet Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $10.55 billion during the quarter, compared to analyst estimates of $10.60 billion. Kopin had a return on equity of 8.53% and a net margin of 6.63%. On average, equities research analysts expect that Kopin will post -0.02 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael Andrew Murray sold 187,920 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the transaction, the chief executive officer directly owned 2,931,122 shares in the company, valued at $8,207,141.60. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total value of $461,597.00. Following the completion of the transaction, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. This trade represents a 19.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 524,760 shares of company stock worth $1,763,275 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Kopin

A number of hedge funds have recently made changes to their positions in KOPN. State Street Corp lifted its holdings in Kopin by 224.0% during the 4th quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after purchasing an additional 7,687,358 shares during the last quarter. Vanguard Group Inc. grew 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 buying an additional 945,662 shares during the last quarter. Telemark Asset Management LLC increased its holdings in shares of Kopin by 40.0% during the fourth quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after buying an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Kopin by 14.5% in the fourth quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company’s stock valued at $10,080,000 after acquiring an additional 544,189 shares during the last quarter. Finally, Herald Investment Management Ltd raised its stake in shares of Kopin by 30.3% in the third quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock valued at $4,860,000 after acquiring an additional 465,000 shares during the last quarter. Institutional investors and hedge funds own 30.96% of the company’s stock.

Key Stories Impacting Kopin

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About Kopin

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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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Analyst Recommendations for Kopin (NASDAQ:KOPN)

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