Kopin (NASDAQ:KOPN) Trading Down 7% – What’s Next?

Kopin Corporation (NASDAQ:KOPN) was down 7% during mid-day trading on Tuesday . The stock traded as low as $4.89 and last traded at $4.8560. Approximately 1,217,631 shares were traded during trading, a decline of 79% from the average daily volume of 5,722,297 shares. The stock had previously closed at $5.22.

Analyst Ratings Changes

Several analysts have issued reports on KOPN shares. JonesTrading started coverage on shares of Kopin in a research report on Monday, April 27th. They set a “buy” rating and a $6.00 price target for the company. Stifel Nicolaus upped their price target on shares of Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Canaccord Genuity Group upped 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 upped 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. Finally, Wall Street Zen upgraded shares of Kopin from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kopin presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Price Performance

The stock has a market capitalization of $888.99 million, a P/E ratio of 486.49 and a beta of 3.43. The firm’s 50 day moving average price is $4.50 and its 200 day moving average price is $3.17.

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). The firm 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%. On average, equities research analysts forecast that Kopin Corporation will post -0.02 earnings per share for the current year.

Insider Activity

In related news, CEO Michael Andrew Murray sold 187,920 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $2.80, for a total value of $526,176.00. Following the completion of the transaction, the chief executive officer directly owned 2,931,122 shares of the company’s stock, valued at $8,207,141.60. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total transaction of $461,597.00. Following the completion of the transaction, the chief operating officer directly owned 480,005 shares of the company’s stock, valued at approximately $1,896,019.75. The trade was a 19.58% 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. Over the last ninety days, insiders have sold 524,760 shares of company stock valued at $1,763,275. Insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Kopin

Institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in Kopin by 40.3% in the fourth quarter. UBS Group AG now owns 1,359,380 shares of the company’s stock worth $3,181,000 after buying an additional 390,404 shares in the last quarter. DNB Asset Management AS raised its stake in Kopin by 123.2% in the fourth quarter. DNB Asset Management AS now owns 1,294,368 shares of the company’s stock worth $3,029,000 after buying an additional 714,423 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Kopin in the third quarter worth about $976,000. Telemark Asset Management LLC raised its stake in Kopin by 25.0% in the third quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company’s stock worth $12,150,000 after buying an additional 1,000,000 shares in the last quarter. Finally, CenterBook Partners LP bought a new position in Kopin in the fourth quarter worth about $2,925,000. 30.96% of the stock is owned by institutional investors.

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.