Kopin Corporation (NASDAQ:KOPN) Receives $7.15 Average Target Price from Analysts

Shares of Kopin Corporation (NASDAQ:KOPN) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $7.15.

A number of analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of Kopin from $5.50 to $6.25 and gave the company a “buy” rating in a research note on Thursday, May 14th. Zacks Research lowered shares of Kopin from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Wall Street Zen raised shares of Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings upgraded shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 6th. Finally, Craig Hallum reissued a “buy” rating and set a $10.00 target price on shares of Kopin in a research report on Tuesday, May 12th.

Insider Transactions at Kopin

In other Kopin news, COO Paul Christopher Baker sold 116,860 shares of Kopin 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 owned 480,005 shares in the company, valued at approximately $1,896,019.75. The trade was a 19.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 176,840 shares of company stock worth $755,499. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EWA LLC purchased a new position in shares of Kopin during the fourth quarter valued at approximately $25,000. Prudential Financial Inc. purchased a new stake in Kopin in the 2nd quarter valued at $25,000. Legal & General Group Plc bought a new position in Kopin during the 2nd quarter valued at $25,000. Cibc World Markets Corp bought a new position in Kopin during the 4th quarter valued at $28,000. Finally, Principal Financial Group Inc. boosted its holdings in Kopin by 30.7% during the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after acquiring an additional 3,243 shares during the last quarter. Institutional investors own 30.96% of the company’s stock.

Kopin Stock Performance

Shares of Kopin stock opened at $4.06 on Friday. The stock has a market capitalization of $742.66 million, a PE ratio of 406.41 and a beta of 3.47. Kopin has a 52 week low of $1.66 and a 52 week high of $6.61. The stock has a 50 day moving average price of $4.70 and a two-hundred day moving average price of $3.44.

Kopin (NASDAQ:KOPN) last issued its earnings results on Tuesday, May 12th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Kopin had a return on equity of 4.85% and a net margin of 5.00%.The firm had revenue of $10.55 million for the quarter, compared to analyst estimates of $9.96 million. Research analysts forecast that Kopin will post -0.02 EPS for the current year.

About Kopin

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.