Kopin Corporation (NASDAQ:KOPN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Kopin Corporation (NASDAQ:KOPN) have received an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $5.15.

KOPN has been the topic of several research reports. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. JonesTrading began coverage on Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 price objective on the stock. Lake Street Capital restated a “buy” rating and issued a $5.00 target price on shares of Kopin in a research note on Wednesday, April 29th. Finally, Zacks Research raised Kopin from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th.

Insiders Place Their Bets

In other news, CEO Michael Andrew Murray sold 187,920 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.80, for a total transaction of $526,176.00. Following the completion of the transaction, the chief executive officer directly owned 2,931,122 shares of the company’s stock, valued at approximately $8,207,141.60. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of Kopin stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total transaction of $461,597.00. Following the sale, the chief operating officer owned 480,005 shares in the company, valued at approximately $1,896,019.75. This trade represents a 19.58% decrease in their ownership of the stock. 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 90 days, insiders sold 464,780 shares of company stock valued at $1,469,373. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Kopin

A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in shares of Kopin by 30.7% in 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 period. Sequoia Financial Advisors LLC lifted its position in shares of Kopin by 66.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 113,345 shares of the company’s stock worth $255,000 after buying an additional 45,232 shares during the period. Hsbc Holdings PLC acquired a new stake in Kopin in the 1st quarter valued at $146,000. PFG Investments LLC acquired a new stake in Kopin in the 1st quarter valued at $225,000. Finally, Private Advisor Group LLC bought a new stake in Kopin in the first quarter valued at $32,000. 30.96% of the stock is owned by institutional investors and hedge funds.

Kopin Price Performance

NASDAQ KOPN opened at $4.47 on Tuesday. The company’s fifty day moving average is $2.56 and its two-hundred day moving average is $2.68. Kopin has a 52-week low of $1.23 and a 52-week high of $4.88. The firm has a market capitalization of $819.63 million, a price-to-earnings ratio of 447.45 and a beta of 3.40.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Monday, April 13th. The company reported $0.04 EPS for the quarter, beating 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 business had revenue of $8.37 million during the quarter, compared to analyst estimates of $12.98 million. As a group, sell-side analysts expect that Kopin will post -0.02 earnings per share for the current fiscal year.

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.