Kopin (NASDAQ:KOPN) Stock Price Up 7.5% – Time to Buy?

Kopin Corporation (NASDAQ:KOPN) rose 7.5% during mid-day trading on Thursday . The stock traded as high as $6.05 and last traded at $5.9250. Approximately 3,865,303 shares traded hands during trading, a decline of 29% from the average daily volume of 5,464,129 shares. The stock had previously closed at $5.51.

Analyst Upgrades and Downgrades

KOPN has been the topic of several recent research reports. Weiss Ratings raised Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday. Canaccord Genuity Group increased their target price on Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Stifel Nicolaus increased their target price on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, JonesTrading initiated coverage on Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

Kopin Trading Down 5.6%

The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 571.57 and a beta of 3.40. The stock has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $2.90.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data 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). The business had revenue of $10.55 million during the quarter, compared to analyst estimates of $9.96 million. Kopin had a return on equity of 4.85% and a net margin of 5.00%. Research analysts predict that Kopin Corporation will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, COO Paul Christopher Baker sold 58,939 shares of the firm’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 completion of the sale, the chief operating officer owned 420,025 shares of the company’s stock, valued at $2,058,122.50. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a document filed 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, CEO Michael Andrew Murray sold 96,800 shares of Kopin stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $3.01, for a total value of $291,368.00. Following the sale, the chief executive officer directly owned 2,771,122 shares of the company’s stock, valued at approximately $8,341,077.22. This represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 524,760 shares of company stock valued at $1,763,275 in the last three months. Insiders own 2.80% of the company’s stock.

Institutional Trading of Kopin

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOPN. Geode Capital Management LLC lifted its position in Kopin by 106.8% during the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock worth $5,353,000 after acquiring an additional 1,806,632 shares during the period. JPMorgan Chase & Co. lifted its position in Kopin by 113,958.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company’s stock worth $108,000 after acquiring an additional 70,654 shares during the period. Legal & General Group Plc acquired a new stake in Kopin during the 2nd quarter worth about $25,000. Rhumbline Advisers acquired a new stake in Kopin during the 2nd quarter worth about $259,000. Finally, Prudential Financial Inc. acquired a new stake in Kopin during the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 30.96% of the company’s stock.

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.