Analysts Set Kopin Corporation (NASDAQ:KOPN) Price Target at $7.15

Kopin Corporation (NASDAQ:KOPN) has earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $7.15.

Several research analysts have recently commented on KOPN shares. Wall Street Zen raised Kopin from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Lake Street Capital upped their target price on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Craig Hallum reaffirmed a “buy” rating and issued a $10.00 target price on shares of Kopin in a research note on Tuesday, May 12th. JonesTrading assumed coverage on Kopin in a research note on Monday, April 27th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Weiss Ratings raised Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th.

Kopin Stock Down 14.6%

Shares of KOPN opened at $5.46 on Friday. The business’s 50-day moving average price is $4.06 and its 200-day moving average price is $3.02. Kopin has a twelve month low of $1.44 and a twelve month high of $6.61. The stock has a market cap of $998.74 million, a PE ratio of 546.55 and a beta of 3.43.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.02) 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 business had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. Analysts expect that Kopin will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Kopin

In other Kopin news, 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 completion of the sale, the chief operating officer owned 420,025 shares of the company’s stock, valued at $2,058,122.50. This represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 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 value of $291,368.00. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 524,760 shares of company stock valued at $1,763,275. 2.80% of the stock is owned by insiders.

Institutional Trading of Kopin

A number of institutional investors have recently made changes to their positions in KOPN. EWA LLC purchased a new stake in shares of Kopin during the fourth quarter valued at approximately $25,000. Prudential Financial Inc. purchased a new stake in shares of Kopin during the second quarter valued at approximately $25,000. Legal & General Group Plc purchased a new stake in shares of Kopin during the second quarter valued at approximately $25,000. Cibc World Markets Corp purchased a new stake in shares of Kopin during the fourth quarter valued at approximately $28,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Kopin by 30.7% during 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 period. Hedge funds and other institutional investors 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.