Kopin (NASDAQ:KOPN) Now Covered by Analysts at JonesTrading

JonesTrading initiated coverage on shares of Kopin (NASDAQ:KOPN) in a research note released on Monday morning,Benzinga reports. The firm issued a buy rating and a $6.00 price objective on the stock.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Kopin from a “sell” rating to a “strong sell” rating in a report on Saturday, April 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kopin in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.95.

Kopin Trading Up 0.3%

KOPN opened at $3.71 on Monday. Kopin has a 1-year low of $1.18 and a 1-year high of $4.16. The company has a market capitalization of $680.27 million, a PE ratio of 371.37 and a beta of 2.73. The firm’s 50 day simple moving average is $2.45 and its two-hundred day simple moving average is $2.67.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. Kopin had a net margin of 6.63% and a return on equity of 8.53%. The business had revenue of $8.37 million for the quarter, compared to the consensus estimate of $12.98 million. Equities analysts forecast that Kopin will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kopin news, CEO Michael Andrew Murray sold 187,920 shares of Kopin stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $2.80, for a total transaction of $526,176.00. Following the transaction, the chief executive officer owned 2,931,122 shares of the company’s stock, valued at $8,207,141.60. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 347,920 shares of company stock worth $1,007,776 over the last quarter. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Kopin

Several hedge funds have recently modified their holdings of KOPN. EWA LLC purchased a new position in shares of Kopin in the fourth quarter worth $25,000. Prudential Financial Inc. purchased a new position in shares of Kopin in the second quarter worth $25,000. Legal & General Group Plc purchased a new position in shares of Kopin in the second quarter worth $25,000. Cibc World Markets Corp purchased a new position in shares of Kopin in the fourth quarter worth $28,000. Finally, Bravias Capital Group LLC purchased a new position in shares of Kopin in the third quarter worth $32,000. 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.