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

Kopin Corporation (NASDAQ:KOPN) was the recipient of some unusual options trading activity on Tuesday. Traders bought 14,202 call options on the stock. This represents an increase of approximately 65% compared to the average daily volume of 8,633 call options.

Analyst Upgrades and Downgrades

KOPN has been the topic of several research analyst reports. JonesTrading assumed coverage on Kopin in a research report on Monday, April 27th. They issued a “buy” rating and a $6.00 price objective on the stock. Zacks Research lowered Kopin from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Weiss Ratings cut Kopin from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, July 21st. Stifel Nicolaus boosted their price target on shares of Kopin from $5.50 to $6.50 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Lake Street Capital increased their price target on shares of Kopin from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.15.

Kopin Stock Up 22.0%

NASDAQ:KOPN traded up $0.93 during mid-day trading on Tuesday, hitting $5.13. 8,021,251 shares of the stock traded hands, compared to its average volume of 5,588,985. The business’s 50-day moving average price is $4.29 and its 200 day moving average price is $3.53. The company has a market cap of $939.29 million, a PE ratio of 512.51 and a beta of 3.51. Kopin has a 12-month low of $1.68 and a 12-month high of $6.61.

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

Hedge Funds Weigh In On Kopin

Several institutional investors have recently modified their holdings of the company. EWA LLC purchased a new position in shares of Kopin during the 4th quarter valued at about $25,000. Prudential Financial Inc. purchased a new stake in Kopin in the second quarter worth approximately $25,000. Legal & General Group Plc purchased a new position in shares of Kopin during the second quarter worth approximately $25,000. Cibc World Markets Corp purchased a new position in shares of Kopin during the fourth quarter worth approximately $28,000. Finally, Principal Financial Group Inc. lifted its stake in Kopin by 30.7% in the first 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 during the last quarter. 30.96% of the stock is currently owned by institutional investors.

About Kopin

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.