Kopin (NASDAQ:KOPN) Receives New Coverage from Analysts at Lake Street Capital

Lake Street Capital assumed coverage on shares of Kopin (NASDAQ:KOPN) in a report published on Tuesday, Benzinga reports. The brokerage issued a buy rating and a $2.50 price objective on the stock.

KOPN has been the topic of several other reports. StockNews.com upgraded Kopin to a sell rating in a research report on Monday, May 20th. HC Wainwright restated a buy rating and issued a $3.00 price objective on shares of Kopin in a research report on Wednesday, May 15th.

Kopin Stock Performance

NASDAQ:KOPN opened at $0.71 on Tuesday. The stock has a 50-day simple moving average of $0.91 and a two-hundred day simple moving average of $1.65. Kopin has a 52-week low of $0.67 and a 52-week high of $2.82. The firm has a market capitalization of $84.09 million, a PE ratio of -1.69 and a beta of 2.57.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Kopin had a negative net margin of 125.20% and a negative return on equity of 94.96%. The company had revenue of $10.03 million for the quarter, compared to the consensus estimate of $8.96 million. During the same period in the prior year, the firm posted ($0.03) EPS. Equities analysts forecast that Kopin will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kopin

A number of hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of Kopin in the first quarter worth about $37,000. Virtu Financial LLC lifted its stake in shares of Kopin by 329.4% in the 1st quarter. Virtu Financial LLC now owns 77,916 shares of the company’s stock valued at $140,000 after purchasing an additional 59,770 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Kopin in the 1st quarter valued at approximately $67,000. JT Stratford LLC bought a new stake in shares of Kopin in the 1st quarter valued at approximately $37,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Kopin in the 1st quarter valued at approximately $26,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.