Aristides Capital LLC Increases Holdings in Kopin Corporation $KOPN

Aristides Capital LLC increased its stake in shares of Kopin Corporation (NASDAQ:KOPN) by 306.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 219,538 shares of the company’s stock after purchasing an additional 165,494 shares during the period. Aristides Capital LLC’s holdings in Kopin were worth $494,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. EWA LLC purchased a new position in Kopin during the 4th quarter valued at about $25,000. Cibc World Markets Corp bought a new position in Kopin in the 4th quarter valued at $28,000. Russell Investments Group Ltd. bought a new position in Kopin in the 3rd quarter valued at $33,000. 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 acquiring an additional 3,243 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of Kopin during the first quarter worth about $32,000. Institutional investors own 30.96% of the company’s stock.

Insiders Place Their Bets

In other Kopin news, COO Paul Christopher Baker sold 58,939 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value 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. This trade represents a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 176,840 shares of company stock worth $755,499. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KOPN. Craig Hallum reissued a “buy” rating and issued a $10.00 price target on shares of Kopin in a research note on Tuesday, May 12th. Zacks Research cut Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Canaccord Genuity Group raised 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. Lake Street Capital lifted their price target on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings cut Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Price Performance

Shares of KOPN stock opened at $3.80 on Friday. The business has a 50-day moving average of $4.64 and a 200 day moving average of $3.46. Kopin Corporation has a 1-year low of $1.66 and a 1-year high of $6.61. The stock has a market capitalization of $695.10 million, a PE ratio of 380.38 and a beta of 3.47.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data 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 million during the quarter, compared to the consensus estimate of $9.96 million. Kopin had a net margin of 5.00% and a return on equity of 4.85%. Analysts anticipate that Kopin Corporation 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.