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

Kopin Corporation (NASDAQ:KOPN) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.15.

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Lake Street Capital lifted their price target on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. JonesTrading assumed coverage on shares of Kopin in a report on Monday, April 27th. They issued a “buy” rating and a $6.00 price target on the stock. Canaccord Genuity Group lifted their price target on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a report on Thursday, May 14th. Finally, Craig Hallum reiterated a “buy” rating and issued a $10.00 price target on shares of Kopin in a report on Tuesday, May 12th.

Insider Buying and Selling at Kopin

In related news, CEO Michael Andrew Murray sold 187,920 shares of Kopin stock in a transaction on Monday, April 13th. The shares were sold at an average price of $2.80, for a total transaction of $526,176.00. Following the transaction, the chief executive officer owned 2,931,122 shares in the company, valued at approximately $8,207,141.60. The trade was a 6.02% decrease in their position. 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. 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 transaction of $461,597.00. Following the transaction, the chief operating officer owned 480,005 shares in the company, valued at $1,896,019.75. The trade was a 19.58% 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 have sold a total of 524,760 shares of company stock worth $1,763,275 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Kopin

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its holdings in shares of Kopin by 30.7% during the 1st 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 holdings in shares of Kopin by 2.4% during the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock valued at $497,000 after acquiring an additional 5,000 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of 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 acquiring an additional 5,902 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Kopin by 13.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock worth $159,000 after buying an additional 7,971 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Kopin by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 200,518 shares of the company’s stock worth $470,000 after buying an additional 9,921 shares during the period. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Stock Down 11.4%

Shares of KOPN opened at $4.05 on Wednesday. The firm has a market cap of $740.83 million, a PE ratio of 405.41 and a beta of 3.43. The company’s fifty day moving average is $4.66 and its two-hundred day moving average is $3.24. Kopin has a fifty-two week low of $1.44 and a fifty-two week high of $6.61.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share 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 analyst estimates of $9.96 million. Kopin had a net margin of 5.00% and a return on equity of 4.85%. As a group, equities research analysts anticipate that Kopin will post -0.02 earnings per share 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.