Kopin (NASDAQ:KOPN) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Kopin (NASDAQ:KOPN) in a report published on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $5.50 price target on the stock.

Several other brokerages also recently commented on KOPN. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Zacks Research upgraded Kopin from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. JonesTrading assumed coverage on shares of Kopin in a research report on Monday, April 27th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $5.00 target price on shares of Kopin in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.60.

Kopin Stock Performance

NASDAQ:KOPN opened at $5.41 on Friday. The business’s fifty day moving average is $2.72 and its 200 day moving average is $2.70. The firm has a market cap of $991.98 million, a price-to-earnings ratio of 541.54 and a beta of 3.40. Kopin has a 52-week low of $1.23 and a 52-week high of $5.45.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Monday, April 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The firm had revenue of $8.37 million for the quarter, compared to the consensus estimate of $12.98 million. Kopin had a net margin of 6.63% and a return on equity of 8.53%. Equities analysts predict that Kopin will post -0.02 EPS for the current fiscal year.

Insider Activity at Kopin

In other Kopin news, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $3.01, for a total transaction of $291,368.00. Following the transaction, the chief executive officer directly owned 2,771,122 shares in the company, valued at $8,341,077.22. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 58,939 shares of Kopin stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total transaction of $288,801.10. Following the transaction, the chief operating officer directly owned 420,025 shares in the company, valued at $2,058,122.50. This trade represents a 12.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 524,760 shares of company stock valued at $1,763,275. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Kopin

A number of large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Kopin by 106.8% in the second quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after purchasing an additional 1,806,632 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Kopin by 113,958.1% during the second quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock valued at $108,000 after buying an additional 70,654 shares during the period. Legal & General Group Plc bought a new position in shares of Kopin during the second quarter valued at about $25,000. Rhumbline Advisers bought a new position in shares of Kopin during the second quarter valued at about $259,000. Finally, Prudential Financial Inc. purchased a new position in shares of Kopin in the second quarter worth about $25,000. Hedge funds and other institutional investors own 30.96% of the company’s stock.

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.