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

Kopin Corporation (NASDAQ:KOPN) COO Paul Christopher Baker sold 58,939 shares of the 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 transaction, the chief operating officer owned 420,025 shares in the company, valued at $2,058,122.50. This trade represents a 12.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Performance

Shares of NASDAQ:KOPN traded up $0.38 during midday trading on Friday, reaching $5.20. 7,042,506 shares of the company’s stock traded hands, compared to its average volume of 4,512,857. Kopin Corporation has a 1 year low of $1.23 and a 1 year high of $5.22. The company has a market cap of $952.57 million, a P/E ratio of 521.92 and a beta of 3.40. The company has a fifty day simple moving average of $2.72 and a two-hundred day simple moving average of $2.70.

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

Hedge Funds Weigh In On Kopin

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

Wall Street Analysts Forecast Growth

KOPN has been the topic of a number of recent analyst reports. Lake Street Capital reiterated a “buy” rating and set a $5.00 target price on shares of Kopin in a research report on Wednesday, April 29th. Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Zacks Research upgraded Kopin from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Canaccord Genuity Group assumed coverage on Kopin in a report on Friday. They issued a “buy” rating and a $5.50 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Kopin presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.60.

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.