Investors Buy Large Volume of Call Options on Kopin (NASDAQ:KOPN)

Kopin Corporation (NASDAQ:KOPN) was the recipient of some unusual options trading on Monday. Investors purchased 16,583 call options on the stock. This is an increase of 102% compared to the average daily volume of 8,196 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KOPN shares. Stifel Nicolaus increased their target price on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Kopin from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, July 6th. JonesTrading began coverage on shares of Kopin in a report on Monday, April 27th. They issued a “buy” rating and a $6.00 price objective for the company. Lake Street Capital lifted their price objective on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Craig Hallum restated a “buy” rating and set a $10.00 target price on shares of Kopin in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.15.

Kopin Trading Down 8.3%

Shares of Kopin stock traded down $0.33 on Monday, reaching $3.58. The stock had a trading volume of 1,818,744 shares, compared to its average volume of 5,780,299. Kopin has a 1 year low of $1.62 and a 1 year high of $6.61. The company has a market cap of $653.94 million, a P/E ratio of 358.86 and a beta of 3.47. The business’s 50 day moving average is $4.86 and its two-hundred day moving average is $3.37.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $10.55 million for the quarter, compared to analysts’ expectations of $9.96 million. Kopin had a net margin of 5.00% and a return on equity of 4.85%. On average, equities analysts anticipate that Kopin will post -0.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Paul Christopher Baker sold 58,939 shares of Kopin stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $4.90, for a total transaction of $288,801.10. Following the sale, the chief operating officer directly owned 420,025 shares in the company, valued at $2,058,122.50. The trade was a 12.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Andrew Murray sold 96,800 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $3.01, for a total transaction of $291,368.00. Following the completion of the transaction, the chief executive officer owned 2,771,122 shares in the company, valued at approximately $8,341,077.22. The trade was a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 336,840 shares of company stock worth $1,237,099 over the last quarter. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its holdings in shares of Kopin by 30.7% in the 1st quarter. Principal Financial Group Inc. now owns 13,815 shares of the company’s stock worth $31,000 after purchasing an additional 3,243 shares in the last quarter. Focused Wealth Management Inc lifted its position in Kopin by 2.4% in the 4th quarter. Focused Wealth Management Inc now owns 212,444 shares of the company’s stock worth $497,000 after buying an additional 5,000 shares during the last quarter. Deutsche Bank AG boosted its stake in Kopin by 4.0% in the fourth quarter. Deutsche Bank AG now owns 155,175 shares of the company’s stock worth $363,000 after buying an additional 5,902 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Kopin by 13.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 68,113 shares of the company’s stock worth $159,000 after buying an additional 7,971 shares in the last quarter. Finally, First Bank & Trust grew its position in Kopin by 79.1% during the second quarter. First Bank & Trust now owns 18,517 shares of the company’s stock valued at $83,000 after acquiring an additional 8,176 shares during the last quarter. 30.96% of the stock is currently 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.