Kopin (NASDAQ:KOPN) Stock Price Up 14.9% on Analyst Upgrade

Kopin Corporation (NASDAQ:KOPN)’s share price shot up 14.9% on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $4.09 and last traded at $4.2610. 10,010,524 shares traded hands during mid-day trading, an increase of 204% from the average session volume of 3,297,531 shares. The stock had previously closed at $3.71.

Other equities analysts have also issued reports about the stock. JonesTrading began coverage on shares of Kopin in a report on Monday. They issued a “buy” rating and a $6.00 price objective on the stock. Wall Street Zen lowered shares of Kopin from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.15.

Insider Buying and Selling

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of the stock in a transaction that occurred 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 sale, the chief operating officer directly owned 480,005 shares in the company, valued at $1,896,019.75. This represents a 19.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $3.01, for a total transaction of $291,368.00. Following the sale, the chief executive officer owned 2,771,122 shares in the company, valued at approximately $8,341,077.22. This trade represents a 3.38% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 464,780 shares of company stock worth $1,469,373. 2.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kopin

A number of hedge funds have recently added to or reduced their stakes in KOPN. EWA LLC acquired a new stake in Kopin during the 4th quarter worth approximately $25,000. Prudential Financial Inc. acquired a new stake in Kopin during the 2nd quarter worth approximately $25,000. Legal & General Group Plc acquired a new stake in Kopin during the 2nd quarter worth approximately $25,000. Cibc World Markets Corp acquired a new stake in Kopin during the 4th quarter worth approximately $28,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Kopin in the 1st quarter valued at $32,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

Kopin Trading Up 13.5%

The stock’s fifty day moving average price is $2.56 and its two-hundred day moving average price is $2.69. The firm has a market capitalization of $817.79 million, a price-to-earnings ratio of 446.45 and a beta of 2.73.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings data on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. Kopin had a net margin of 6.63% and a return on equity of 8.53%. The business had revenue of $8.37 million for the quarter, compared to analyst estimates of $12.98 million. Analysts anticipate that Kopin Corporation will post -0.02 earnings per share for the current fiscal 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.