Kopin Corporation (NASDAQ:KOPN) Given Consensus Rating of “Moderate Buy” by Analysts

Kopin Corporation (NASDAQ:KOPN) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $7.15.

Several research analysts have commented on KOPN shares. Craig Hallum restated a “buy” rating and set a $10.00 price objective on shares of Kopin in a report on Tuesday, May 12th. Lake Street Capital upped their target price on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. JonesTrading assumed coverage on Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 price target on the stock. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 6th.

Kopin Stock Performance

Shares of NASDAQ:KOPN opened at $3.81 on Friday. The firm has a market cap of $696.93 million, a PE ratio of 381.38 and a beta of 3.47. The firm’s 50 day simple moving average is $4.75 and its 200-day simple moving average is $3.41. Kopin has a one year low of $1.66 and a one year high of $6.61.

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

Insider Transactions at Kopin

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total transaction of $461,597.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 176,840 shares of company stock worth $755,499. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kopin

Several hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. raised its stake 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 buying an additional 3,243 shares during the last quarter. Focused Wealth Management Inc grew its stake in shares of Kopin by 2.4% during the fourth quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock worth $497,000 after acquiring an additional 5,000 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Kopin by 4.0% during the fourth quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock valued at $363,000 after acquiring an additional 5,902 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Kopin by 13.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after acquiring an additional 7,971 shares in the last quarter. Finally, First Bank & Trust raised its position in shares of Kopin by 79.1% in the 2nd quarter. First Bank & Trust now owns 18,517 shares of the company’s stock valued at $83,000 after purchasing an additional 8,176 shares during 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.