Cerity Partners LLC Purchases New Position in Kopin Corporation (NASDAQ:KOPN)

Cerity Partners LLC bought a new position in Kopin Corporation (NASDAQ:KOPN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 215,228 shares of the company's stock, valued at approximately $201,000. Cerity Partners LLC owned about 0.13% of Kopin at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of Kopin by 6.3% in the 4th quarter. Millennium Management LLC now owns 279,459 shares of the company's stock worth $380,000 after purchasing an additional 16,630 shares in the last quarter. One68 Global Capital LLC purchased a new stake in shares of Kopin in the 4th quarter worth approximately $30,000. Tower Research Capital LLC TRC grew its stake in shares of Kopin by 271.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock worth $42,000 after buying an additional 22,316 shares during the last quarter. Prudential Financial Inc. purchased a new stake in shares of Kopin in the 4th quarter worth approximately $37,000. Finally, Penbrook Management LLC grew its stake in shares of Kopin by 92.1% in the 1st quarter. Penbrook Management LLC now owns 93,325 shares of the company's stock worth $87,000 after buying an additional 44,750 shares during the last quarter. 30.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KOPN has been the topic of several recent analyst reports. Wall Street Zen upgraded Kopin from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Canaccord Genuity Group decreased their price target on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a report on Monday, April 21st.

Kopin Price Performance

Shares of KOPN stock traded down $0.03 during trading hours on Friday, hitting $1.77. The stock had a trading volume of 1,004,111 shares, compared to its average volume of 3,850,247. Kopin Corporation has a one year low of $0.56 and a one year high of $2.50. The stock's 50-day moving average price is $1.66 and its two-hundred day moving average price is $1.45. The stock has a market capitalization of $287.34 million, a price-to-earnings ratio of -16.05 and a beta of 2.85.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Kopin had a negative return on equity of 87.81% and a negative net margin of 28.70%. The company had revenue of $14.65 million for the quarter, compared to the consensus estimate of $12.41 million. During the same period in the previous year, the firm earned ($0.06) earnings per share. As a group, equities research analysts predict that Kopin Corporation will post -0.14 earnings per share for the current fiscal year.

Kopin Profile

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.