Kopin (NASDAQ:KOPN) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Kopin (NASDAQ:KOPN) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.

A number of other research firms also recently commented on KOPN. Zacks Research upgraded Kopin from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. JonesTrading initiated coverage on Kopin in a research report on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Lake Street Capital reissued a “buy” rating and issued a $5.00 target price on shares of Kopin in a research report on Wednesday. One research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $5.15.

Kopin Price Performance

KOPN opened at $4.30 on Friday. Kopin has a 12 month low of $1.23 and a 12 month high of $4.63. The stock has a market capitalization of $788.45 million, a price-to-earnings ratio of 430.43 and a beta of 3.40. The business has a fifty day moving average price of $2.56 and a 200 day moving average price of $2.69.

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

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 stock was sold at an average price of $3.95, for a total transaction of $461,597.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $291,368.00. Following the transaction, the chief executive officer directly owned 2,771,122 shares of the company’s stock, valued at approximately $8,341,077.22. This trade represents 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. Insiders have sold a total of 464,780 shares of company stock valued at $1,469,373 over the last ninety days. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Kopin

Several hedge funds have recently bought and sold shares of KOPN. State Street Corp increased its stake in Kopin by 224.0% in the 4th quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after purchasing an additional 7,687,358 shares in the last quarter. Telemark Asset Management LLC increased its stake in Kopin by 40.0% in the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock valued at $16,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC increased its stake in Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after purchasing an additional 1,806,632 shares in the last quarter. CenterBook Partners LP purchased a new position in Kopin in the 4th quarter valued at approximately $2,925,000. Finally, Vanguard Group Inc. increased its stake in Kopin by 11.2% in the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after purchasing an additional 945,662 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

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.