Kopin (NASDAQ:KOPN) Shares Gap Up – What’s Next?

Kopin Corporation (NASDAQ:KOPN) gapped up prior to trading on Tuesday . The stock had previously closed at $4.21, but opened at $4.77. Kopin shares last traded at $5.3450, with a volume of 2,744,941 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their target price on shares of Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a report on Wednesday, May 13th. Canaccord Genuity Group raised their price target on Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a report on Thursday, May 14th. Zacks Research cut Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Lake Street Capital increased their price objective on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.15.

Kopin Stock Up 25.3%

The company’s fifty day moving average price is $4.29 and its two-hundred day moving average price is $3.53. The firm has a market cap of $964.90 million, a PE ratio of 531.33 and a beta of 3.51.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. Kopin had a return on equity of 4.85% and a net margin of 5.00%. As a group, analysts predict that Kopin Corporation will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Kopin

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its stake in shares of Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after buying an additional 1,806,632 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Kopin by 113,958.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock valued at $108,000 after buying an additional 70,654 shares during the period. Legal & General Group Plc acquired a new stake in shares of Kopin in the 2nd quarter valued at approximately $25,000. Rhumbline Advisers purchased a new stake in shares of Kopin in the second quarter valued at approximately $259,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Kopin in the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.