Kopin Corporation (NASDAQ:KOPN) Receives Average Rating of “Moderate Buy” from Brokerages

Kopin Corporation (NASDAQ:KOPN) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $7.15.

KOPN has been the subject of a number of research analyst reports. Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Craig Hallum reissued a “buy” rating and issued a $10.00 price target on shares of Kopin in a research note on Tuesday, May 12th. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Canaccord Genuity Group upped their price objective on Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Lake Street Capital increased their price objective on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th.

Kopin Stock Performance

Shares of NASDAQ KOPN opened at $6.19 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of 619.62 and a beta of 3.43. The firm has a 50 day moving average price of $3.91 and a 200 day moving average price of $2.97. Kopin has a 52-week low of $1.36 and a 52-week high of $6.61.

Kopin (NASDAQ:KOPN) last released 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). Kopin had a net margin of 5.00% and a return on equity of 4.85%. The company had revenue of $10.55 million during the quarter, compared to analyst estimates of $9.96 million. Analysts predict that Kopin will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Paul Christopher Baker sold 116,860 shares of Kopin stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total value of $461,597.00. Following the sale, the chief operating officer directly owned 480,005 shares in the company, valued at $1,896,019.75. This trade represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 187,920 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the completion of the sale, the chief executive officer directly owned 2,931,122 shares in the company, valued at approximately $8,207,141.60. This represents a 6.02% 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. In the last ninety days, insiders have sold 524,760 shares of company stock valued at $1,763,275. Insiders own 2.80% of the company’s stock.

Institutional Trading of Kopin

A number of institutional investors have recently made changes to their positions in KOPN. EWA LLC bought a new stake in shares of Kopin in the fourth quarter worth $25,000. Prudential Financial Inc. bought a new stake in shares of Kopin in the second quarter worth $25,000. Legal & General Group Plc bought a new stake in shares of Kopin in the second quarter worth $25,000. Cibc World Markets Corp bought a new stake in shares of Kopin in the fourth quarter worth $28,000. Finally, Principal Financial Group Inc. lifted its position in shares of Kopin by 30.7% in the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after purchasing an additional 3,243 shares in the last quarter. Institutional investors own 30.96% of the company’s stock.

Kopin Company Profile

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.