Kopin (NASDAQ:KOPN) Stock Price Down 8.4% – Time to Sell?

Kopin Corporation (NASDAQ:KOPN)’s stock price traded down 8.4% during trading on Friday . The company traded as low as $5.56 and last traded at $5.5420. 1,792,202 shares changed hands during trading, a decline of 67% from the average session volume of 5,512,402 shares. The stock had previously closed at $6.05.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Lake Street Capital upped their price target on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Canaccord Genuity Group upped their price target on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings lowered shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

Kopin Trading Down 6.0%

The firm has a market capitalization of $1.04 billion, a P/E ratio of 568.07 and a beta of 3.40. The company’s fifty day simple moving average is $3.60 and its 200 day simple moving average is $2.88.

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

Insider Buying and Selling at Kopin

In related news, CEO Michael Andrew Murray sold 187,920 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.80, for a total value of $526,176.00. Following the completion of the transaction, the chief executive officer directly owned 2,931,122 shares in the company, valued at $8,207,141.60. This trade represents a 6.02% decrease in their position. 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, COO Paul Christopher Baker sold 116,860 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total transaction of $461,597.00. Following the completion of the transaction, the chief operating officer owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. The trade was a 19.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 524,760 shares of company stock valued at $1,763,275 over the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KOPN. Principal Financial Group Inc. grew its position in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after purchasing an additional 3,243 shares during the last quarter. Focused Wealth Management Inc grew its position in Kopin by 2.4% during the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock valued at $497,000 after purchasing an additional 5,000 shares during the last quarter. Deutsche Bank AG grew its position in Kopin by 4.0% during the 4th quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock valued at $363,000 after purchasing an additional 5,902 shares during the last quarter. AE Wealth Management LLC grew its position in Kopin by 68.7% during the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock valued at $41,000 after purchasing an additional 6,873 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Kopin by 13.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after purchasing an additional 7,971 shares during the last quarter. 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.