Kopin (NASDAQ:KOPN) Trading Down 6.7% – Should You Sell?

Kopin Corporation (NASDAQ:KOPN)’s stock price was down 6.7% during trading on Thursday . The company traded as low as $3.91 and last traded at $3.9450. 387,972 shares were traded during trading, a decline of 93% from the average session volume of 5,750,975 shares. The stock had previously closed at $4.23.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KOPN shares. Craig Hallum reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Kopin in a research note on Tuesday, May 12th. Weiss Ratings raised Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 6th. Canaccord Genuity Group boosted their price target on Kopin from $5.50 to $6.25 and gave the stock a “buy” rating in a report on Thursday, May 14th. JonesTrading assumed coverage on shares of Kopin in a report on Monday, April 27th. They set a “buy” rating and a $6.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Kopin currently has an average rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Stock Down 11.2%

The stock has a market capitalization of $686.86 million, a PE ratio of 375.88 and a beta of 3.47. The business’s fifty day moving average is $4.81 and its two-hundred day moving average is $3.40.

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

Insider Buying and Selling

In related news, CEO Michael Andrew Murray sold 96,800 shares of the firm’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 $8,341,077.22. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of Kopin stock in a transaction 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 transaction, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at $1,896,019.75. The trade was a 19.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 273,640 shares of company stock valued at $1,046,867. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Kopin

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EWA LLC bought a new position in shares of Kopin in the fourth quarter worth about $25,000. Prudential Financial Inc. bought a new stake in Kopin during the 2nd quarter valued at about $25,000. Legal & General Group Plc purchased a new stake in Kopin in the 2nd quarter valued at about $25,000. Cibc World Markets Corp purchased a new stake in Kopin in the 4th quarter valued at about $28,000. Finally, Principal Financial Group Inc. grew its stake in Kopin by 30.7% in the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after acquiring an additional 3,243 shares in the last quarter. Hedge funds and other 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.