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

Kopin Corporation (NASDAQ:KOPN) has been given an average rating of “Moderate Buy” by the seven analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.60.

A number of equities analysts recently commented on the company. Lake Street Capital restated a “buy” rating and set a $5.00 target price on shares of Kopin in a report on Wednesday, April 29th. Zacks Research upgraded Kopin from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Canaccord Genuity Group assumed coverage on Kopin in a report on Friday. They set a “buy” rating and a $5.50 target price for the company. JonesTrading started coverage on Kopin in a report on Monday, April 27th. They set a “buy” rating and a $6.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a research note on Thursday, January 22nd.

Insider Buying and Selling at Kopin

In related news, COO Paul Christopher Baker sold 58,939 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total value of $288,801.10. Following the sale, the chief operating officer directly owned 420,025 shares of the company’s stock, valued at $2,058,122.50. This 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 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 company’s stock in a transaction on Friday, April 17th. The stock was 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 directly owned 2,771,122 shares in the company, valued at approximately $8,341,077.22. The trade was a 3.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 524,760 shares of company stock worth $1,763,275. 2.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Kopin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Kopin by 30.7% in the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after purchasing an additional 3,243 shares during the period. Sequoia Financial Advisors LLC grew its stake in 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 period. Hsbc Holdings PLC purchased a new stake in Kopin in the first quarter worth $146,000. PFG Investments LLC purchased a new stake in Kopin in the first quarter worth $225,000. Finally, Private Advisor Group LLC purchased a new stake in Kopin in the first quarter worth $32,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

Kopin Stock Down 8.1%

Shares of Kopin stock opened at $4.97 on Tuesday. The company has a market cap of $911.30 million, a PE ratio of 497.50 and a beta of 3.40. The business has a 50 day moving average of $2.83 and a 200 day moving average of $2.72. Kopin has a 52 week low of $1.23 and a 52 week high of $5.45.

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