Kopin (NASDAQ:KOPN) Stock Price Down 9.8% – What’s Next?

Shares of Kopin Corporation (NASDAQ:KOPN) fell 9.8% during trading on Tuesday . The stock traded as low as $4.55 and last traded at $4.4560. 1,651,407 shares were traded during trading, a decline of 69% from the average session volume of 5,329,446 shares. The stock had previously closed at $4.94.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Lake Street Capital boosted their price objective on Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research upgraded Kopin from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. JonesTrading started coverage on Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 price target on the stock. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings downgraded shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.15.

Kopin Stock Performance

The firm has a market cap of $863.38 million, a P/E ratio of 472.47 and a beta of 3.40. The firm has a fifty day moving average of $3.21 and a 200-day moving average of $2.79.

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 company had revenue of $10.55 billion during the quarter, compared to analyst estimates of $9.96 million. Kopin had a return on equity of 4.85% and a net margin of 5.00%. Equities research analysts expect that Kopin Corporation will post -0.02 earnings per share for the current year.

Insider Activity at Kopin

In other Kopin news, COO Paul Christopher Baker sold 58,939 shares of Kopin stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total transaction of $288,801.10. Following the sale, the chief operating officer owned 420,025 shares of the company’s stock, valued at $2,058,122.50. The trade was a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $3.01, for a total value of $291,368.00. Following the transaction, the chief executive officer owned 2,771,122 shares of the company’s stock, valued at $8,341,077.22. This trade represents a 3.38% decrease in their position. 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 90 days, insiders sold 524,760 shares of company stock worth $1,763,275. 2.80% of the stock is owned by insiders.

Institutional Trading of Kopin

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its holdings 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 valued at $31,000 after acquiring an additional 3,243 shares in the last quarter. Focused Wealth Management Inc lifted its position in Kopin by 2.4% in the fourth quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock worth $497,000 after purchasing an additional 5,000 shares during the period. Deutsche Bank AG boosted its stake in Kopin by 4.0% during the 4th quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock valued at $363,000 after purchasing an additional 5,902 shares in the last quarter. AE Wealth Management LLC boosted its stake in Kopin by 68.7% during the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock valued at $41,000 after purchasing an additional 6,873 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Kopin by 13.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after purchasing an additional 7,971 shares during the period. 30.96% of the stock is currently owned by institutional investors.

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.