Kopin Corporation (NASDAQ:KOPN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Kopin Corporation (NASDAQ:KOPN) have received an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $7.15.

A number of research analysts have commented on KOPN shares. Zacks Research cut shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Stifel Nicolaus upped their price objective on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Lake Street Capital increased their target price on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings downgraded Kopin from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Craig Hallum restated a “buy” rating and set a $10.00 target price on shares of Kopin in a research report on Tuesday, May 12th.

Insider Transactions at Kopin

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of the stock in a transaction on 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 directly owned 480,005 shares in the company, valued at $1,896,019.75. This represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 176,840 shares of company stock worth $755,499 in the last three months. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Kopin

Large investors have recently made changes to their positions in the company. EWA LLC acquired a new stake in shares of Kopin during the 4th quarter worth about $25,000. Cibc World Markets Corp acquired a new position in Kopin in the fourth quarter valued at about $28,000. Russell Investments Group Ltd. acquired a new position in Kopin in the third quarter valued at about $33,000. Principal Financial Group Inc. grew its stake in Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after buying an additional 3,243 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in Kopin during the first quarter worth about $32,000. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Performance

NASDAQ:KOPN opened at $3.58 on Friday. The company has a 50-day moving average of $4.61 and a 200-day moving average of $3.46. The company has a market capitalization of $654.85 million, a price-to-earnings ratio of 358.36 and a beta of 3.47. Kopin has a 52 week low of $1.66 and a 52 week high of $6.61.

Kopin (NASDAQ:KOPN) last issued its 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). The business had revenue of $10.55 million for the quarter, compared to analyst estimates of $9.96 million. Kopin had a net margin of 5.00% and a return on equity of 4.85%. Sell-side analysts forecast that Kopin will post -0.02 EPS for the current year.

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.