Kopin (NASDAQ:KOPN) Downgraded by Zacks Research to “Hold”

Kopin (NASDAQ:KOPN) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on KOPN. 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 report on Wednesday, May 13th. Wall Street Zen raised shares of Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Craig Hallum reaffirmed a “buy” rating and issued a $10.00 price target on shares of Kopin in a report on Tuesday, May 12th. Weiss Ratings lowered shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 13th. Finally, JonesTrading began coverage on shares of Kopin in a report on Monday, April 27th. They issued a “buy” rating and a $6.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.15.

Kopin Stock Down 1.8%

Shares of KOPN opened at $5.51 on Tuesday. The company has a 50 day moving average of $3.52 and a two-hundred day moving average of $2.86. Kopin has a twelve month low of $1.23 and a twelve month high of $6.45. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 551.55 and a beta of 3.40.

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 billion during the quarter, compared to analysts’ expectations of $9.96 million. On average, sell-side analysts expect that Kopin will post -0.02 EPS for the current year.

Insider Buying and Selling at Kopin

In other news, COO Paul Christopher Baker sold 58,939 shares of Kopin stock in a transaction on Wednesday, May 6th. The shares were 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 in the company, valued at approximately $2,058,122.50. The trade was a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 Kopin stock in a transaction on Friday, April 17th. The stock was sold at an average price of $3.01, for a total transaction of $291,368.00. Following the sale, the chief executive officer owned 2,771,122 shares of the company’s stock, valued at $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. Insiders have sold 524,760 shares of company stock valued at $1,763,275 over the last quarter. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Kopin

Institutional investors and hedge funds have recently made changes to their positions in the stock. EWA LLC acquired a new stake in shares of Kopin during the fourth quarter worth $25,000. Cibc World Markets Corp acquired a new stake in shares of Kopin during the fourth quarter worth $28,000. Russell Investments Group Ltd. purchased a new stake in Kopin in the third quarter valued at $33,000. Principal Financial Group Inc. boosted its holdings in Kopin by 30.7% in the first quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock valued at $31,000 after purchasing an additional 3,243 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Kopin in the first quarter valued at $32,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

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.