Kopin (NASDAQ:KOPN) Shares Up 9.7% on Analyst Upgrade

Kopin Corporation (NASDAQ:KOPNGet Free Report) shares shot up 9.7% on Thursday after Lake Street Capital raised their price target on the stock from $5.00 to $7.00. Lake Street Capital currently has a buy rating on the stock. Kopin traded as high as $5.51 and last traded at $5.5080. 8,865,562 shares were traded during mid-day trading, an increase of 69% from the average session volume of 5,233,702 shares. The stock had previously closed at $5.02.

KOPN has been the topic of a number of other reports. Stifel Nicolaus raised their price target on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday. Canaccord Genuity Group began coverage on shares of Kopin in a research report on Friday, May 8th. They set a “buy” rating and a $5.50 price target on the stock. Craig Hallum reaffirmed a “buy” rating and set a $10.00 price target on shares of Kopin in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a research report on Thursday, January 22nd. Finally, Zacks Research raised shares of Kopin from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.15.

View Our Latest Analysis on Kopin

Insider Transactions at Kopin

In other Kopin news, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $3.01, for a total transaction of $291,368.00. Following the sale, the chief executive officer directly owned 2,771,122 shares in the company, valued at $8,341,077.22. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 58,939 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total transaction of $288,801.10. Following the sale, the chief operating officer owned 420,025 shares in the company, valued at $2,058,122.50. The trade was a 12.31% decrease in their ownership of the stock. 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. Insiders have sold 524,760 shares of company stock worth $1,763,275 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

Key Headlines Impacting Kopin

Here are the key news stories impacting Kopin this week:

Hedge Funds Weigh In On Kopin

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its stake in Kopin by 30.7% in 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 last quarter. Focused Wealth Management Inc lifted its stake in Kopin by 2.4% in the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock valued at $497,000 after purchasing an additional 5,000 shares during the last quarter. Deutsche Bank AG lifted its stake in Kopin by 4.0% in the 4th quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock valued at $363,000 after purchasing an additional 5,902 shares during the last quarter. AE Wealth Management LLC lifted its stake in Kopin by 68.7% in the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company’s stock valued at $41,000 after purchasing an additional 6,873 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Kopin by 13.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock valued at $159,000 after purchasing an additional 7,971 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Up 9.9%

The stock has a 50 day moving average price of $2.95 and a 200 day moving average price of $2.74. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 552.95 and a beta of 3.40.

Kopin (NASDAQ:KOPNGet Free Report) last released 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 net margin of 5.00% and a return on equity of 5.82%. The firm had revenue of $10.55 billion during the quarter, compared to analyst estimates of $9.96 million. Sell-side analysts forecast that Kopin Corporation will post -0.02 earnings per share for the current fiscal year.

Kopin Company Profile

(Get Free Report)

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.

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