Kopin (NASDAQ:KOPN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Kopin Corporation (NASDAQ:KOPN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.36 and traded as high as $4.20. Kopin shares last traded at $4.09, with a volume of 2,867,490 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on KOPN. Stifel Nicolaus upped their price target on Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, JonesTrading began coverage on Kopin in a research report on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Five investment 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. According to MarketBeat.com, Kopin has a consensus rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Stock Up 3.8%

The stock has a market capitalization of $748.14 million, a PE ratio of 409.41 and a beta of 3.47. The stock has a fifty day moving average of $4.86 and a 200-day moving average of $3.36.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company 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%. Equities research analysts expect that Kopin Corporation will post -0.02 EPS for the current year.

Insider Buying and Selling

In related news, COO Paul Christopher Baker sold 58,939 shares of Kopin stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of the transaction, the chief operating officer owned 420,025 shares in the company, valued at $2,058,122.50. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $3.01, for a total transaction of $291,368.00. Following the transaction, the chief executive officer owned 2,771,122 shares of the company’s stock, valued at $8,341,077.22. This trade represents a 3.38% 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. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Kopin

Several institutional investors have recently modified their holdings of KOPN. EWA LLC acquired a new position in shares of Kopin during the fourth quarter worth $25,000. Prudential Financial Inc. acquired a new stake in Kopin in the second quarter valued at $25,000. Legal & General Group Plc acquired a new stake in Kopin in the second quarter valued at $25,000. Cibc World Markets Corp purchased a new stake in Kopin during the 4th quarter worth about $28,000. Finally, Principal Financial Group Inc. lifted its holdings in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after buying an additional 3,243 shares during the last quarter. 30.96% of the stock is owned by hedge funds and other 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.