Kopin Corporation (NASDAQ:KOPN) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Several brokerages have recently weighed in on KOPN. Zacks Research cut Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Lake Street Capital lifted their price target on Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Stifel Nicolaus lifted their price target on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Canaccord Genuity Group lifted their price target on Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research report on Thursday, May 14th.

Insider Buying and Selling at Kopin

In other news, CEO Michael Andrew Murray sold 187,920 shares of Kopin stock in a transaction on Monday, April 13th. The stock was 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 approximately $8,207,141.60. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 completion of the transaction, the chief operating officer owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. This trade represents 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. Over the last quarter, insiders sold 524,760 shares of company stock valued at $1,763,275. 2.80% of the stock is owned by company insiders.

Institutional Trading of Kopin

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its holdings in shares of Kopin by 224.0% in the 4th quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after acquiring an additional 7,687,358 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Kopin by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after acquiring an additional 945,662 shares in the last quarter. Telemark Asset Management LLC raised its holdings in shares of Kopin by 40.0% in the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock valued at $16,380,000 after acquiring an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Kopin by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 4,306,623 shares of the company’s stock valued at $10,080,000 after acquiring an additional 544,189 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Kopin by 40.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,663,821 shares of the company’s stock valued at $4,143,000 after acquiring an additional 481,268 shares in the last quarter. Hedge funds and other institutional investors own 30.96% of the company’s stock.

Kopin Price Performance

NASDAQ:KOPN opened at $4.48 on Wednesday. The business has a fifty day simple moving average of $4.77 and a two-hundred day simple moving average of $3.28. Kopin has a 1 year low of $1.44 and a 1 year high of $6.61. The company has a market capitalization of $819.48 million, a P/E ratio of 448.45 and a beta of 3.43.

Kopin (NASDAQ:KOPN) last released its earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Kopin had a return on equity of 4.85% and a net margin of 5.00%.The firm had revenue of $10.55 million during the quarter, compared to analysts’ expectations of $9.96 million. As a group, analysts anticipate that Kopin will post -0.02 earnings per share for the current 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.