Kopin (NASDAQ:KOPN) Trading Down 8.5% – Time to Sell?

Shares of Kopin Corporation (NASDAQ:KOPN) were down 8.5% on Wednesday . The stock traded as low as $3.76 and last traded at $3.7140. Approximately 1,907,285 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 5,735,783 shares. The stock had previously closed at $4.06.

Analyst Ratings Changes

KOPN has been the topic of several recent analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective on shares of Kopin in a research report on Tuesday, May 12th. Weiss Ratings raised Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 6th. JonesTrading initiated coverage on shares of Kopin in a research note on Monday, April 27th. They set a “buy” rating and a $6.00 target price on the stock. Zacks Research downgraded shares of Kopin from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Lake Street Capital lifted their price target on shares of Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Kopin has a consensus rating of “Moderate Buy” and an average target price of $7.15.

Kopin Stock Performance

The stock has a market capitalization of $679.55 million, a P/E ratio of 372.87 and a beta of 3.47. The firm has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $3.44.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.02) 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 during the quarter, compared to the consensus estimate of $9.96 million. On average, research analysts anticipate that Kopin Corporation will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at Kopin

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total value of $461,597.00. Following the transaction, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. This trade represents a 19.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 176,840 shares of company stock valued at $755,499 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Kopin

Several institutional investors have recently made changes to their positions in KOPN. UBS Group AG grew its position in Kopin by 40.3% during the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock valued at $3,181,000 after buying an additional 390,404 shares during the period. DNB Asset Management AS raised its position in Kopin by 123.2% in the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock worth $3,029,000 after acquiring an additional 714,423 shares during the period. Tudor Investment Corp ET AL purchased a new position in shares of Kopin during the 3rd quarter worth $976,000. Telemark Asset Management LLC boosted its stake in shares of Kopin by 40.0% during the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock worth $16,380,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in shares of Kopin during the 4th quarter valued at $2,925,000. Institutional investors own 30.96% of the company’s stock.

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.