Kopin (NASDAQ:KOPN) Shares Down 9.8% – Time to Sell?

Kopin Corporation (NASDAQ:KOPN) traded down 9.8% during mid-day trading on Tuesday . The company traded as low as $4.11 and last traded at $4.12. 5,209,828 shares changed hands during trading, a decline of 11% from the average daily volume of 5,841,740 shares. The stock had previously closed at $4.57.

Analyst Upgrades and Downgrades

KOPN has been the topic of several research reports. Lake Street Capital lifted their price objective on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research cut Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Craig Hallum reiterated a “buy” rating and issued a $10.00 price target on shares of Kopin in a report on Tuesday, May 12th. Stifel Nicolaus upped their price objective on Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Five equities research 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. According to MarketBeat, Kopin currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

Kopin Price Performance

The stock’s 50-day moving average is $4.63 and its 200 day moving average is $3.22. The company has a market cap of $753.63 million, a PE ratio of 412.41 and a beta of 3.43.

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). The firm had revenue of $10.55 million during 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, analysts expect that Kopin Corporation will post -0.02 EPS for the current year.

Insider Buying and Selling at Kopin

In related news, CEO Michael Andrew Murray sold 187,920 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $2.80, for a total transaction of $526,176.00. Following the transaction, the chief executive officer directly owned 2,931,122 shares in the company, valued at $8,207,141.60. The trade was a 6.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total value of $461,597.00. Following the completion of the sale, the chief operating officer 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 524,760 shares of company stock worth $1,763,275. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kopin

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG lifted its stake in shares of Kopin by 40.3% during the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock worth $3,181,000 after buying an additional 390,404 shares during the period. DNB Asset Management AS grew its holdings in shares of Kopin by 123.2% during the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock valued at $3,029,000 after buying an additional 714,423 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Kopin in the 3rd quarter valued at $976,000. Telemark Asset Management LLC raised 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 worth $16,380,000 after acquiring an additional 2,000,000 shares during the last quarter. Finally, CenterBook Partners LP purchased a new position in Kopin in the 4th quarter worth $2,925,000. 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.