Shares of Kopin Corporation (NASDAQ:KOPN – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $4.20, but opened at $4.59. Kopin shares last traded at $4.3650, with a volume of 1,119,321 shares trading hands.
Analyst Ratings Changes
A number of brokerages recently commented on KOPN. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Stifel Nicolaus set a $6.50 price objective 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. Canaccord Genuity Group increased their price objective on shares of Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Oppenheimer assumed coverage on shares of Kopin in a research report on Thursday, September 17th. They set an “outperform” rating and a $7.00 target price for the company. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.17.
Get Our Latest Report on Kopin
Kopin Price Performance
Hedge Funds Weigh In On Kopin
A number of large investors have recently bought and sold shares of the business. Capstone Financial Advisors Inc. purchased a new position in Kopin during the second quarter worth approximately $45,000. Sequoia Financial Advisors LLC increased its position in shares of Kopin by 6.6% in the second quarter. Sequoia Financial Advisors LLC now owns 120,789 shares of the company’s stock valued at $541,000 after buying an additional 7,444 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Kopin in the second quarter valued at approximately $67,000. Squarepoint Ops LLC raised its stake in shares of Kopin by 368.8% during the 2nd quarter. Squarepoint Ops LLC now owns 1,490,289 shares of the company’s stock worth $6,676,000 after buying an additional 1,172,369 shares during the period. Finally, Connective Capital Management LLC purchased a new position in shares of Kopin during the 2nd quarter valued at approximately $406,000. Institutional investors and hedge funds own 30.96% of the company’s stock.
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.
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