Kopin (NASDAQ:KOPN) Raised to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Kopin from a "strong sell" to a "sell" in a note to investors, signaling a slight improvement in sentiment but still a negative rating.
• Analysts overall lean positive: MarketBeat data shows an average rating of "Moderate Buy" with an average price target of $5.15 (1 Strong Buy, 5 Buy, 1 Sell).
• Insiders have been net sellers — the CEO and COO sold shares under Rule 10b5‑1 plans, with insiders offloading a total of 464,780 shares worth about $1.47 million in the last quarter; insiders now own 2.8% of the company.

Kopin (NASDAQ:KOPN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other research firms have also recently issued reports on KOPN. JonesTrading began coverage on shares of Kopin in a research note on Monday, April 27th. They set a "buy" rating and a $6.00 target price for the company. Weiss Ratings restated a "sell (e+)" rating on shares of Kopin in a research note on Thursday, January 22nd. Lake Street Capital restated a "buy" rating and set a $5.00 target price on shares of Kopin in a research note on Wednesday. Finally, Zacks Research upgraded shares of Kopin from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $5.15.

Kopin Stock Performance

NASDAQ KOPN opened at $4.30 on Friday. The firm has a 50-day moving average of $2.56 and a 200-day moving average of $2.69. The stock has a market cap of $788.45 million, a PE ratio of 430.43 and a beta of 3.40. Kopin has a 52-week low of $1.23 and a 52-week high of $4.63.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its earnings results on Monday, April 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The company had revenue of $8.37 million during the quarter, compared to analysts' expectations of $12.98 million. Kopin had a net margin of 6.63% and a return on equity of 8.53%. As a group, analysts predict that Kopin will post -0.02 EPS for the current fiscal year.

Insider Activity

In other Kopin news, CEO Michael Andrew Murray sold 96,800 shares of the firm's stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $3.01, for a total value of $291,368.00. Following the transaction, the chief executive officer directly owned 2,771,122 shares of the company's stock, valued at $8,341,077.22. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 firm'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 completion of the transaction, the chief operating officer directly owned 480,005 shares in the company, valued at approximately $1,896,019.75. This 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 valued at $1,469,373 in the last quarter. Corporate insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Kopin

Several hedge funds have recently bought and sold shares of KOPN. Geode Capital Management LLC increased its holdings in 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 buying an additional 1,806,632 shares during the period. JPMorgan Chase & Co. increased its holdings in Kopin by 113,958.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 70,716 shares of the company's stock valued at $108,000 after buying an additional 70,654 shares during the period. Legal & General Group Plc bought a new stake in shares of Kopin during the 2nd quarter worth $25,000. Rhumbline Advisers bought a new stake in shares of Kopin during the 2nd quarter worth $259,000. Finally, Prudential Financial Inc. bought a new stake in shares of Kopin during the 2nd quarter worth $25,000. 30.96% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.