Kopin Corporation (NASDAQ:KOPN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Kopin Corporation (NASDAQ:KOPN) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $7.15.

Several research firms recently issued reports on KOPN. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price target on shares of Kopin in a research note on Tuesday, May 12th. Canaccord Genuity Group lifted their price target on shares of Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a research note on Thursday, May 14th. JonesTrading assumed coverage on shares of Kopin in a research report on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Lake Street Capital boosted their target price on shares of Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Stifel Nicolaus boosted their target price on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th.

Insider Activity

In other news, CEO Michael Andrew Murray sold 96,800 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $3.01, for a total value of $291,368.00. Following the completion of the sale, the chief executive officer owned 2,771,122 shares of the company’s stock, valued at approximately $8,341,077.22. The trade was a 3.38% decrease in their position. The transaction was disclosed in a document filed 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. Also, COO Paul Christopher Baker sold 58,939 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total transaction of $288,801.10. Following the completion of the sale, the chief operating officer directly owned 420,025 shares of the company’s stock, valued at $2,058,122.50. The trade was a 12.31% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 524,760 shares of company stock valued at $1,763,275 in the last three months. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Kopin

Hedge funds and other institutional investors have recently modified their holdings of the stock. EWA LLC bought a new stake in shares of Kopin in the 4th quarter worth about $25,000. Cibc World Markets Corp bought a new stake in shares of Kopin in the 4th quarter worth about $28,000. Russell Investments Group Ltd. bought a new stake in shares of Kopin in the 3rd quarter worth about $33,000. Principal Financial Group Inc. grew its position 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 buying an additional 3,243 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Kopin during the 1st quarter valued at about $32,000. Institutional investors own 30.96% of the company’s stock.

Kopin Price Performance

Kopin stock opened at $4.05 on Wednesday. Kopin has a 12-month low of $1.44 and a 12-month high of $6.61. The company has a market capitalization of $740.83 million, a price-to-earnings ratio of 405.41 and a beta of 3.43. The firm’s fifty day moving average price is $4.66 and its 200 day moving average price is $3.24.

Kopin (NASDAQ:KOPN) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Kopin had a return on equity of 4.85% and a net margin of 5.00%.The firm had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. Analysts forecast that Kopin will post -0.02 earnings per share for the current fiscal year.

About Kopin

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.