Kopin Corporation (NASDAQ:KOPN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Seven analysts give Kopin an average recommendation of "Moderate Buy" (1 sell, 5 buy, 1 strong buy) with an average 1‑year price target of $5.15.
• Kopin reported Q1 EPS of $0.04 (beating the -$0.02 estimate) but revenue of $8.37M missed the $12.98M forecast; shares opened at $4.47, with a market cap of ~$819.6M and a 1‑year range of $1.23–$4.88.
• Insiders executed pre‑arranged Rule 10b5‑1 sales—CEO and COO sold large blocks (total 464,780 shares, roughly $1.47M)—reducing insider ownership to 2.8%.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $5.15.

A number of research analysts recently weighed in on the company. Lake Street Capital reissued a "buy" rating and issued a $5.00 price objective on shares of Kopin in a research note on Wednesday, April 29th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Kopin in a research report on Thursday, January 22nd. Zacks Research upgraded Kopin from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Wall Street Zen raised shares of Kopin from a "strong sell" rating to a "sell" rating in a research report on Saturday. Finally, JonesTrading started coverage on shares of Kopin in a research note on Monday, April 27th. They issued a "buy" rating and a $6.00 price objective for the company.

Kopin Trading Up 4.0%

Shares of NASDAQ:KOPN opened at $4.47 on Tuesday. The stock has a market capitalization of $819.63 million, a PE ratio of 447.45 and a beta of 3.40. Kopin has a 1 year low of $1.23 and a 1 year high of $4.88. The firm has a fifty day moving average price of $2.56 and a 200 day moving average price of $2.68.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its 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. The company had revenue of $8.37 million for the quarter, compared to analyst estimates of $12.98 million. Kopin had a return on equity of 8.53% and a net margin of 6.63%. On average, sell-side analysts forecast that Kopin will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Kopin

In other Kopin news, CEO Michael Andrew Murray sold 187,920 shares of the business's stock in a transaction 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the company's stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $3.95, for a total transaction of $461,597.00. Following the sale, the chief operating officer owned 480,005 shares of the company's stock, valued at $1,896,019.75. This trade represents a 19.58% 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 sold a total of 464,780 shares of company stock worth $1,469,373 in the last quarter. Insiders own 2.80% of the company's stock.

Institutional Trading of Kopin

Several hedge funds have recently added to or reduced their stakes in KOPN. EWA LLC acquired a new stake in Kopin in the 4th quarter valued at approximately $25,000. Cibc World Markets Corp acquired a new position in shares of Kopin during the fourth quarter worth approximately $28,000. Russell Investments Group Ltd. bought a new stake in shares of Kopin in the third quarter valued at approximately $33,000. Principal Financial Group Inc. grew its stake in shares of Kopin by 30.7% in the first 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. Finally, Private Advisor Group LLC acquired a new stake in shares of Kopin in the first quarter worth $32,000. Institutional investors own 30.96% of the company's stock.

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.

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