Kopin (NASDAQ:KOPN) Sees Large Volume Increase - Still a Buy?

Key Points

• Trading and price: Kopin traded 2,472,354 shares on Friday (versus 3,156,226 the prior session) and the stock was up about 6.1%, last trading at $3.7450.
• Analyst view: Four analysts rate the stock a Buy and one a Sell, leaving an average rating of “Moderate Buy” with an average target price of $4.69, though recent downgrades include Wall Street Zen (to strong sell) and Weiss Ratings (sell).
• Earnings and insider activity: Kopin beat EPS expectations ($0.04 vs. -$0.02) but missed revenue estimates ($8.37M vs. $12.98M), and the CEO sold 187,920 shares under a Rule 10b5-1 plan (insiders sold 347,920 shares in the last 90 days).

Kopin Corporation (NASDAQ:KOPN - Get Free Report) saw strong trading volume on Friday . 2,472,354 shares were traded during mid-day trading, a decline of 22% from the previous session's volume of 3,156,226 shares.The stock last traded at $3.7450 and had previously closed at $3.53.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Kopin from a "sell" rating to a "strong sell" rating in a report on Saturday, April 18th. Weiss Ratings reissued a "sell (e+)" rating on shares of Kopin in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $4.69.

Kopin Stock Up 6.1%

The firm has a market capitalization of $686.68 million, a PE ratio of 374.87 and a beta of 2.73. The business has a 50-day moving average price of $2.39 and a 200-day moving average price of $2.67.

Kopin (NASDAQ:KOPN - Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.06. The firm had revenue of $8.37 million for the quarter, compared to the consensus estimate of $12.98 million. Kopin had a return on equity of 8.53% and a net margin of 6.63%. On average, equities research analysts anticipate that Kopin Corporation will post -0.03 earnings per share for the current year.

Insider Activity at Kopin

In other news, CEO Michael Andrew Murray sold 187,920 shares of the business's stock in a transaction dated 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 approximately $8,207,141.60. The trade was a 6.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 347,920 shares of company stock worth $1,007,776. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Kopin

A number of institutional investors have recently bought and sold shares of the company. Focused Wealth Management Inc grew its stake in shares of Kopin by 2.4% in the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company's stock valued at $497,000 after buying an additional 5,000 shares during the period. Deutsche Bank AG grew its holdings in shares of Kopin by 4.0% during the 4th quarter. Deutsche Bank AG now owns 155,175 shares of the company's stock worth $363,000 after purchasing an additional 5,902 shares during the period. AE Wealth Management LLC increased its position in shares of Kopin by 68.7% during the 3rd quarter. AE Wealth Management LLC now owns 16,873 shares of the company's stock worth $41,000 after purchasing an additional 6,873 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Kopin by 13.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company's stock worth $159,000 after purchasing an additional 7,971 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Kopin by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 200,518 shares of the company's stock valued at $470,000 after buying an additional 9,921 shares during the period. 30.96% of the stock is owned by hedge funds and other 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.

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