Jane Street Group LLC Buys Shares of 220,479 Kopin Co. (NASDAQ:KOPN)

Jane Street Group LLC purchased a new position in shares of Kopin Co. (NASDAQ:KOPN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 220,479 shares of the company's stock, valued at approximately $300,000. Jane Street Group LLC owned about 0.14% of Kopin as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. bought a new stake in shares of Kopin during the 4th quarter worth about $25,000. One68 Global Capital LLC bought a new position in Kopin in the 4th quarter valued at about $30,000. Prudential Financial Inc. acquired a new stake in Kopin during the fourth quarter worth approximately $37,000. Tower Research Capital LLC TRC boosted its holdings in shares of Kopin by 271.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 30,530 shares of the company's stock worth $42,000 after acquiring an additional 22,316 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Kopin in the fourth quarter valued at approximately $69,000. Institutional investors own 30.96% of the company's stock.

Kopin Trading Up 2.4%

Shares of NASDAQ:KOPN traded up $0.04 on Thursday, reaching $1.47. 2,110,674 shares of the company's stock were exchanged, compared to its average volume of 4,061,172. Kopin Co. has a twelve month low of $0.56 and a twelve month high of $2.17. The company has a fifty day moving average of $1.16 and a 200-day moving average of $1.30. The company has a market capitalization of $238.50 million, a price-to-earnings ratio of -3.57 and a beta of 3.16.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $14.65 million during the quarter, compared to analysts' expectations of $11.15 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period in the previous year, the company posted ($0.04) earnings per share. As a group, equities research analysts forecast that Kopin Co. will post -0.14 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group lowered their target price on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a research note on Monday, April 21st. Wall Street Zen lowered Kopin from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $2.56.

Kopin Profile

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.