Kopin (NASDAQ:KOPN) COO Paul Christopher Baker Sells 58,939 Shares of Stock

Kopin Corporation (NASDAQ:KOPN) COO Paul Christopher Baker sold 58,939 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value of $288,801.10. Following the transaction, the chief operating officer owned 420,025 shares of the company’s stock, valued at approximately $2,058,122.50. The trade was a 12.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Christopher Baker also recently made the following trade(s):

• On Tuesday, May 5th, Paul Christopher Baker sold 1,041 shares of Kopin stock. The shares were sold at an average price of $4.90, for a total value of $5,100.90.
• On Tuesday, April 28th, Paul Christopher Baker sold 116,860 shares of Kopin stock. The shares were sold at an average price of $3.95, for a total value of $461,597.00.

Kopin Stock Up 12.2%

Shares of Kopin stock opened at $5.41 on Friday. The firm has a market cap of $991.98 million, a price-to-earnings ratio of 541.54 and a beta of 3.40. The business has a 50-day moving average price of $2.72 and a 200-day moving average price of $2.70. Kopin Corporation has a twelve month low of $1.23 and a twelve month high of $5.45.

Kopin (NASDAQ:KOPN) last posted its earnings results on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Kopin had a net margin of 6.63% and a return on equity of 8.53%. The firm had revenue of $8.37 million for the quarter, compared to the consensus estimate of $12.98 million. On average, equities analysts expect that Kopin Corporation will post -0.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of Kopin from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. JonesTrading assumed coverage on shares of Kopin in a report on Monday, April 27th. They issued a “buy” rating and a $6.00 target price on the stock. Lake Street Capital restated a “buy” rating and issued a $5.00 target price on shares of Kopin in a report on Wednesday, April 29th. Finally, Canaccord Genuity Group assumed coverage on shares of Kopin in a report on Friday. They issued a “buy” rating and a $5.50 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.60.

Hedge Funds Weigh In On Kopin

Hedge funds have recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Kopin during the 3rd quarter valued at about $976,000. Herald Investment Management Ltd grew its holdings in Kopin by 30.3% during the 3rd quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company’s stock valued at $4,860,000 after purchasing an additional 465,000 shares during the last quarter. Telemark Asset Management LLC grew its holdings in Kopin by 25.0% during the 3rd quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock valued at $12,150,000 after purchasing an additional 1,000,000 shares during the last quarter. DNB Asset Management AS grew its holdings in Kopin by 144.1% during the 3rd quarter. DNB Asset Management AS now owns 579,945 shares of the company’s stock valued at $1,409,000 after purchasing an additional 342,389 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new position in Kopin during the 3rd quarter valued at about $729,000. 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.