Stock Traders Purchase Large Volume of Kopin Call Options (NASDAQ:KOPN)

Kopin Co. (NASDAQ:KOPN) saw some unusual options trading activity on Thursday. Traders bought 14,250 call options on the company. This is an increase of approximately 1,241% compared to the typical daily volume of 1,063 call options.

Hedge Funds Weigh In On Kopin

Several hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in Kopin by 494.4% during 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 during the last quarter. XTX Topco Ltd acquired a new position in Kopin during the 2nd quarter valued at about $32,000. Affinity Capital Advisors LLC acquired a new position in Kopin during the 3rd quarter valued at about $54,000. Murphy Pohlad Asset Management LLC increased its stake in Kopin by 26.0% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after buying an additional 28,000 shares during the period. Finally, Royce & Associates LP increased its stake in Kopin by 485.4% during the 3rd quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after buying an additional 5,550,000 shares during the period. 30.96% of the stock is owned by institutional investors and hedge funds.

Kopin Stock Up 26.5 %

Shares of KOPN stock opened at $1.86 on Friday. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.82. The stock has a market cap of $295.37 million, a P/E ratio of -4.54 and a beta of 2.71. The business has a fifty day simple moving average of $1.21 and a 200-day simple moving average of $0.99.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The firm had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. During the same quarter last year, the business posted ($0.02) EPS. On average, sell-side analysts anticipate that Kopin will post -0.14 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on KOPN. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Kopin in a research note on Wednesday, November 13th. Canaccord Genuity Group began coverage on Kopin in a report on Thursday, January 2nd. They issued a “buy” rating and a $2.00 price target for the company. Finally, StockNews.com downgraded Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2.50.

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.