Brokerages Set Kopin Corporation (NASDAQ:KOPN) PT at $7.15

Kopin Corporation (NASDAQ:KOPN) has received an average recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. One research 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 12 month price objective among brokers that have covered the stock in the last year is $7.15.

Several research analysts have issued reports on KOPN shares. Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Lake Street Capital raised their price objective on Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Stifel Nicolaus lifted their target price on Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings cut Kopin from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday.

Kopin Trading Up 1.3%

Shares of NASDAQ KOPN opened at $3.80 on Friday. Kopin has a twelve month low of $1.66 and a twelve month high of $6.61. The company has a market capitalization of $695.10 million, a price-to-earnings ratio of 380.38 and a beta of 3.47. The firm has a 50-day moving average of $4.64 and a two-hundred day moving average of $3.46.

Kopin (NASDAQ:KOPN) last announced 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). Kopin had a return on equity of 4.85% and a net margin of 5.00%.The business had revenue of $10.55 million during the quarter, compared to analyst estimates of $9.96 million. As a group, research analysts predict 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 58,939 shares of the company’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total transaction of $288,801.10. Following the completion of the sale, the chief operating officer directly owned 420,025 shares of the company’s stock, valued at approximately $2,058,122.50. This represents a 12.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 176,840 shares of company stock worth $755,499. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kopin

A number of large investors have recently made changes to their positions in the company. EWA LLC acquired a new stake in shares of Kopin during the fourth quarter valued at approximately $25,000. Prudential Financial Inc. acquired a new position in Kopin in the 2nd quarter worth approximately $25,000. Legal & General Group Plc purchased a new position in Kopin during the 2nd quarter worth approximately $25,000. Cibc World Markets Corp acquired a new stake in Kopin during the 4th quarter valued at $28,000. Finally, Principal Financial Group Inc. raised its stake in Kopin by 30.7% during the 1st 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. Institutional investors and hedge funds 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.