Kopin (NASDAQ:KOPN) Trading 8.5% Higher – Should You Buy?

Kopin Corporation (NASDAQ:KOPN)’s stock price rose 8.5% during trading on Monday . The stock traded as high as $4.21 and last traded at $4.1450. 2,481,305 shares were traded during trading, a decline of 58% from the average session volume of 5,897,825 shares. The stock had previously closed at $3.82.

Analysts Set New Price Targets

A number of research firms recently weighed in on KOPN. Lake Street Capital upped their target price on shares of Kopin from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings lowered shares of Kopin from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, June 16th. JonesTrading initiated coverage on shares of Kopin in a report on Monday, April 27th. They issued a “buy” rating and a $6.00 price target on the stock. Stifel Nicolaus increased their price objective on Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Canaccord Genuity Group lifted their price objective on Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research note on Thursday, May 14th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Stock Performance

The stock’s 50 day simple moving average is $4.72 and its 200 day simple moving average is $3.26. The firm has a market cap of $767.35 million, a PE ratio of 420.92 and a beta of 3.43.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data 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). Kopin had a net margin of 5.00% and a return on equity of 4.85%. The company had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. As a group, analysts anticipate that Kopin Corporation will post -0.02 earnings per share for the current year.

Insider Transactions at Kopin

In other news, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $3.01, for a total transaction of $291,368.00. Following the transaction, the chief executive officer directly owned 2,771,122 shares in the company, valued at approximately $8,341,077.22. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 58,939 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total value of $288,801.10. Following the transaction, the chief operating officer directly owned 420,025 shares in the company, valued at approximately $2,058,122.50. This represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Institutional Trading of Kopin

Several hedge funds and other institutional investors have recently bought and sold shares of KOPN. State Street Corp grew its position in Kopin by 224.0% during the fourth quarter. State Street Corp now owns 11,119,885 shares of the company’s stock valued at $26,021,000 after acquiring an additional 7,687,358 shares during the last quarter. Telemark Asset Management LLC boosted its stake in shares of Kopin by 40.0% in the 4th quarter. Telemark Asset Management LLC now owns 7,000,000 shares of the company’s stock valued at $16,380,000 after purchasing an additional 2,000,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Kopin by 106.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,497,900 shares of the company’s stock valued at $5,353,000 after purchasing an additional 1,806,632 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Kopin during the 4th quarter valued at $2,925,000. Finally, Vanguard Group Inc. grew its holdings in shares of Kopin by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 9,376,264 shares of the company’s stock valued at $22,784,000 after purchasing an additional 945,662 shares during the last quarter. 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.