Kopin Corporation (NASDAQ:KOPN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Kopin Corporation (NASDAQ:KOPN) have been assigned an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation 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.

A number of equities analysts have recently commented on KOPN shares. Wall Street Zen raised shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Stifel Nicolaus raised 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. Zacks Research downgraded Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Finally, JonesTrading initiated 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.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KOPN. EWA LLC bought a new position in shares of Kopin during the fourth quarter valued at about $25,000. Prudential Financial Inc. bought a new position in shares of Kopin during the second quarter valued at about $25,000. Legal & General Group Plc bought a new position in shares of Kopin during the second quarter valued at about $25,000. Cibc World Markets Corp bought a new position in shares of Kopin during the fourth quarter valued at about $28,000. Finally, Principal Financial Group Inc. increased its stake in Kopin by 30.7% in the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after purchasing an additional 3,243 shares during the period. 30.96% of the stock is owned by institutional investors.

Kopin Trading Down 5.6%

Shares of NASDAQ KOPN opened at $5.71 on Friday. Kopin has a 12 month low of $1.23 and a 12 month high of $6.45. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 571.57 and a beta of 3.40. The business has a 50-day moving average of $3.67 and a 200-day moving average of $2.90.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company had revenue of $10.55 million during the quarter, compared to the consensus estimate of $9.96 million. Kopin had a return on equity of 4.85% and a net margin of 5.00%. On average, analysts predict 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.