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

Kopin Corporation (NASDAQ:KOPN) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $7.15.

Several research firms recently weighed in on KOPN. JonesTrading began coverage on Kopin in a report on Monday, April 27th. They set a “buy” rating and a $6.00 price target on the stock. Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Stifel Nicolaus boosted their price objective on shares of Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group increased their target price on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Craig Hallum restated a “buy” rating and issued a $10.00 target price on shares of Kopin in a report on Tuesday, May 12th.

Kopin Trading Up 3.3%

Shares of NASDAQ:KOPN opened at $3.81 on Friday. Kopin has a 12 month low of $1.66 and a 12 month high of $6.61. The company has a 50-day moving average price of $4.75 and a 200 day moving average price of $3.41. The company has a market cap of $696.93 million, a price-to-earnings ratio of 381.38 and a beta of 3.47.

Kopin (NASDAQ:KOPN) last issued 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 for 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%. As a group, equities analysts forecast that Kopin will post -0.02 EPS for the current year.

Insiders Place Their Bets

In other Kopin news, COO Paul Christopher Baker sold 58,939 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value of $288,801.10. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 176,840 shares of company stock valued at $755,499. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Kopin

A number of institutional investors and hedge funds have recently modified their holdings of KOPN. First Bank & Trust grew its position in Kopin by 79.1% in the 2nd quarter. First Bank & Trust now owns 18,517 shares of the company’s stock valued at $83,000 after acquiring an additional 8,176 shares during the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of Kopin during the first quarter worth $424,000. Aristides Capital LLC lifted its position in shares of Kopin by 306.2% during the first quarter. Aristides Capital LLC now owns 219,538 shares of the company’s stock worth $494,000 after purchasing an additional 165,494 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Kopin by 30.7% during the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after purchasing an additional 3,243 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of Kopin by 66.4% in the first quarter. Sequoia Financial Advisors LLC now owns 113,345 shares of the company’s stock worth $255,000 after purchasing an additional 45,232 shares during the last quarter. 30.96% of the stock is 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.