Kopin (NASDAQ:KOPN) Stock Rating Lowered by Zacks Research

Kopin (NASDAQ:KOPN) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on KOPN. Craig Hallum reissued a “buy” rating and set a $10.00 price target on shares of Kopin in a research report on Tuesday, May 12th. Canaccord Genuity Group boosted their price target on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research report on Thursday, May 14th. Lake Street Capital boosted their price target on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings cut shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen raised shares of 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 assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

Kopin Stock Down 1.8%

Shares of KOPN opened at $5.51 on Tuesday. Kopin has a 52-week low of $1.23 and a 52-week high of $6.45. The firm’s fifty day moving average is $3.52 and its two-hundred day moving average is $2.86. The stock has a market cap of $1.01 billion, a PE ratio of 551.55 and a beta of 3.40.

Kopin (NASDAQ:KOPN) last announced 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 firm had revenue of $10.55 billion for the quarter, compared to analyst estimates of $9.96 million. Kopin had a net margin of 5.00% and a return on equity of 4.85%. As a group, research analysts anticipate that Kopin will post -0.02 earnings per share for the current year.

Insider Transactions at Kopin

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of the company’s 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 transaction, the chief operating officer owned 480,005 shares of the company’s stock, valued at $1,896,019.75. This represents a 19.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 187,920 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.80, for a total transaction of $526,176.00. Following the completion of 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 524,760 shares of company stock worth $1,763,275 in the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EWA LLC acquired a new position in Kopin in the fourth quarter valued at about $25,000. Prudential Financial Inc. acquired a new position in Kopin in the second quarter valued at about $25,000. Legal & General Group Plc acquired a new position in Kopin in the second quarter valued at about $25,000. Cibc World Markets Corp acquired a new position in Kopin in the fourth quarter valued at about $28,000. Finally, Principal Financial Group Inc. lifted its position 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. Institutional investors and hedge funds 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.