Key Points
- Kopin CEO Michael Andrew Murray sold 96,800 shares on April 17 at an average price of $3.01 (≈$291,368) — part of a series of April sales — leaving him with 2,771,122 shares (a 3.38% reduction); the trades were executed under a pre-arranged Rule 10b5-1 plan.
- Kopin reported quarterly EPS of $0.04, beating the consensus of ($0.02), but revenue missed at $8.37M versus an expected $12.98M, and analysts expect -$0.03 EPS for the fiscal year.
- Analyst views are mixed, yet MarketBeat shows a consensus of Moderate Buy with an average target of $4.69; the stock’s 52‑week range is $0.98–$4.16 and market cap is about $522.6M.
Kopin Corporation (NASDAQ:KOPN - Get Free Report) CEO Michael Andrew Murray sold 96,800 shares of the company'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 completion of the transaction, the chief executive officer owned 2,771,122 shares in the company, valued at $8,341,077.22. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Andrew Murray also recently made the following trade(s):
- On Wednesday, April 15th, Michael Andrew Murray sold 63,200 shares of Kopin stock. The shares were sold at an average price of $3.01, for a total value of $190,232.00.
- On Monday, April 13th, Michael Andrew Murray sold 187,920 shares of Kopin stock. The shares were sold at an average price of $2.80, for a total value of $526,176.00.
Kopin Price Performance
Shares of KOPN opened at $2.85 on Wednesday. The company has a market capitalization of $522.58 million, a price-to-earnings ratio of 285.29 and a beta of 2.73. Kopin Corporation has a fifty-two week low of $0.98 and a fifty-two week high of $4.16. The business's 50-day moving average is $2.34 and its 200-day moving average is $2.66.
Kopin (NASDAQ:KOPN - Get Free Report) last issued its earnings results on Monday, April 13th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.06. The company 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%. Equities research analysts expect that Kopin Corporation will post -0.03 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a "sell (e+)" rating on shares of Kopin in a report on Thursday, January 22nd. Wall Street Zen downgraded Kopin from a "sell" rating to a "strong sell" rating in a report on Saturday. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Kopin currently has a consensus rating of "Moderate Buy" and an average target price of $4.69.
Check Out Our Latest Stock Analysis on Kopin
Hedge Funds Weigh In On Kopin
Hedge funds have recently added to or reduced their stakes in the company. EWA LLC acquired a new position in Kopin in the fourth quarter worth approximately $25,000. Prudential Financial Inc. acquired a new position in Kopin in the second quarter worth approximately $25,000. Legal & General Group Plc acquired a new position in Kopin in the second quarter worth approximately $25,000. Cibc World Markets Corp acquired a new position in Kopin in the fourth quarter worth approximately $28,000. Finally, Bravias Capital Group LLC acquired a new position in Kopin in the third quarter worth approximately $32,000. Institutional investors and hedge funds own 30.96% of the company's stock.
About Kopin
(
Get Free Report)
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.
Further Reading
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