Kopin (NASDAQ:KOPN) Trading Down 15.4% – What’s Next?

Kopin Corporation (NASDAQ:KOPN)’s stock price was down 15.4% during mid-day trading on Friday . The company traded as low as $5.50 and last traded at $5.4060. Approximately 5,361,172 shares were traded during trading, a decline of 5% from the average daily volume of 5,672,402 shares. The stock had previously closed at $6.39.

Analysts Set New Price Targets

A number of research analysts recently issued reports on KOPN shares. JonesTrading started coverage on Kopin in a research note on Monday, April 27th. They set a “buy” rating and a $6.00 price objective for the company. Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Craig Hallum reissued a “buy” rating and issued a $10.00 price target on shares of Kopin in a report on Tuesday, May 12th. Lake Street Capital boosted their price target on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, 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. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kopin has a consensus rating of “Moderate Buy” and an average price target of $7.15.

Kopin Stock Performance

The firm has a market capitalization of $996.00 million, a PE ratio of 545.05 and a beta of 3.43. The company has a fifty day moving average price of $4.00 and a 200-day moving average price of $3.00.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data 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). The firm had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. Kopin had a return on equity of 4.85% and a net margin of 5.00%. On average, equities analysts predict that Kopin Corporation will post -0.02 earnings per share for the current year.

Insider Activity at Kopin

In other news, CEO Michael Andrew Murray sold 96,800 shares of the company’s stock in a transaction that occurred 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 directly owned 2,771,122 shares of the company’s stock, valued at $8,341,077.22. This represents a 3.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 58,939 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $2,058,122.50. This trade represents a 12.31% 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 524,760 shares of company stock worth $1,763,275 over the last ninety days. Insiders own 2.80% of the company’s stock.

Institutional Trading of Kopin

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

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.