Kopin Target of Unusually High Options Trading (NASDAQ:KOPN)

Kopin Co. (NASDAQ:KOPN) saw unusually large options trading activity on Thursday. Stock investors purchased 14,250 call options on the stock. This represents an increase of 1,241% compared to the average volume of 1,063 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KOPN. Royce & Associates LP boosted its holdings in Kopin by 485.4% in the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after acquiring an additional 5,550,000 shares in the last quarter. Stifel Financial Corp raised its position in shares of Kopin by 303.7% in the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after purchasing an additional 471,258 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Kopin by 494.4% in the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after purchasing an additional 703,740 shares in the last quarter. FMR LLC grew its position in Kopin by 101,059.6% during the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after purchasing an additional 57,604 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Kopin during the 2nd quarter valued at approximately $32,000. 30.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KOPN has been the subject of several recent research reports. StockNews.com lowered shares of Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. HC Wainwright reissued a “buy” rating and issued a $3.00 price objective on shares of Kopin in a research note on Wednesday, November 13th. Finally, Canaccord Genuity Group started coverage on Kopin in a research report on Thursday, January 2nd. They set a “buy” rating and a $2.00 target price on the stock. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, Kopin presently has an average rating of “Moderate Buy” and a consensus target price of $2.50.

Kopin Stock Performance

NASDAQ:KOPN opened at $2.03 on Friday. The company’s 50-day simple moving average is $1.25 and its 200-day simple moving average is $1.00. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.82. The stock has a market capitalization of $322.36 million, a P/E ratio of -4.95 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last announced its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $13.32 million during the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period last year, the firm earned ($0.02) earnings per share. On average, research analysts forecast that Kopin will post -0.14 EPS for the current year.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.