Key Points
- Kopin COO Paul Christopher Baker sold 58,939 shares on May 6 at an average price of $4.90, totaling about $288,801. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Baker still owned 420,025 shares of Kopin, valued at about $2.06 million. The sale represented a 12.31% reduction in his stake.
- Kopin’s stock recently traded near its 52-week high, and analysts remain mixed-to-bullish with a Moderate Buy consensus and a $5.60 price target. The company also reported EPS of $0.04 in its latest quarter, though revenue missed expectations.
Kopin Corporation (NASDAQ:KOPN - Get Free Report) COO Paul Christopher Baker sold 58,939 shares of the company's stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $4.90, for a total transaction of $288,801.10. Following the transaction, the chief operating officer owned 420,025 shares in the company, valued at $2,058,122.50. The trade was a 12.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paul Christopher Baker also recently made the following trade(s):
- On Tuesday, May 5th, Paul Christopher Baker sold 1,041 shares of Kopin stock. The shares were sold at an average price of $4.90, for a total transaction of $5,100.90.
- On Tuesday, April 28th, Paul Christopher Baker sold 116,860 shares of Kopin stock. The shares were sold at an average price of $3.95, for a total transaction of $461,597.00.
Kopin Price Performance
Kopin stock opened at $5.41 on Friday. The stock has a market cap of $991.98 million, a price-to-earnings ratio of 541.54 and a beta of 3.40. Kopin Corporation has a 1 year low of $1.23 and a 1 year high of $5.45. The firm has a 50-day moving average of $2.72 and a two-hundred day moving average of $2.70.
Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings data on Monday, April 13th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts expect that Kopin Corporation will post -0.02 earnings per share for the current year.
Institutional Investors Weigh In On Kopin
Hedge funds have recently modified their holdings of the business. Tudor Investment Corp ET AL purchased a new stake in shares of Kopin in the 3rd quarter worth approximately $976,000. Herald Investment Management Ltd lifted its position in shares of Kopin by 30.3% in the 3rd quarter. Herald Investment Management Ltd now owns 2,000,000 shares of the company's stock worth $4,860,000 after purchasing an additional 465,000 shares during the period. Telemark Asset Management LLC lifted its position in shares of Kopin by 25.0% in the 3rd quarter. Telemark Asset Management LLC now owns 5,000,000 shares of the company's stock worth $12,150,000 after purchasing an additional 1,000,000 shares during the period. DNB Asset Management AS lifted its position in shares of Kopin by 144.1% in the 3rd quarter. DNB Asset Management AS now owns 579,945 shares of the company's stock worth $1,409,000 after purchasing an additional 342,389 shares during the period. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Kopin in the 3rd quarter worth approximately $729,000. Hedge funds and other institutional investors own 30.96% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Lake Street Capital reissued a "buy" rating and issued a $5.00 price objective on shares of Kopin in a research report on Wednesday, April 29th. Zacks Research raised shares of Kopin from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. Weiss Ratings reissued a "sell (e+)" rating on shares of Kopin in a research report on Thursday, January 22nd. Canaccord Genuity Group assumed coverage on shares of Kopin in a research report on Friday. They issued a "buy" rating and a $5.50 price objective for the company. Finally, Wall Street Zen raised shares of Kopin from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Kopin has an average rating of "Moderate Buy" and a consensus price target of $5.60.
View Our Latest Stock Analysis on KOPN
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.
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