Kopin (NASDAQ:KOPN) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Kopin (NASDAQ:KOPN) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other research firms have also recently issued reports on KOPN. JonesTrading started coverage on Kopin in a research note on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Lake Street Capital raised their price target on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Canaccord Genuity Group increased their target price on Kopin from $6.25 to $6.50 and gave the stock a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.20.

Kopin Stock Up 13.9%

KOPN opened at $5.50 on Friday. Kopin has a 12 month low of $1.68 and a 12 month high of $6.61. The company has a fifty day simple moving average of $4.22 and a 200 day simple moving average of $3.58. The stock has a market cap of $1.02 billion, a P/E ratio of 137.53 and a beta of 3.51.

Institutional Trading of Kopin

A number of institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Kopin during the second quarter worth about $33,000. Quantbot Technologies LP bought a new stake in Kopin in the 2nd quarter valued at approximately $39,000. Allworth Financial LP acquired a new position in Kopin during the 2nd quarter worth approximately $41,000. EWA LLC acquired a new position in Kopin during the 4th quarter worth approximately $25,000. Finally, Cibc World Markets Corp bought a new position in shares of Kopin during the 4th quarter worth approximately $28,000. 30.96% of the stock is currently owned by institutional investors.

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.