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

Key Points

• Unusually large call activity: Investors bought 70,731 call options on Tuesday—a 2,015% increase versus the average of 3,345 calls—signaling a sharp spike in options interest.
• Insider selling: CEO Michael Andrew Murray sold 96,800 shares at an average $3.01 under a pre-arranged Rule 10b5-1 plan, and insiders sold 347,920 shares over the quarter, leaving insiders with roughly 2.80% ownership.
• Shares and analyst outlook: KOPN traded up to $4.00 on about 40.9 million shares (vs. avg ~3.76M); analysts have a consensus "Moderate Buy" with a $4.95 target after the company beat EPS estimates but missed revenue expectations.

Kopin Corporation (NASDAQ:KOPN - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 70,731 call options on the stock. This is an increase of 2,015% compared to the average volume of 3,345 call options.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KOPN. JonesTrading assumed coverage on Kopin in a research report on Monday. They issued a "buy" rating and a $6.00 target price on the stock. Wall Street Zen lowered Kopin from a "sell" rating to a "strong sell" rating in a report on Saturday, April 18th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of Kopin in a report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $4.95.

Insiders Place Their Bets

In other Kopin news, CEO Michael Andrew Murray sold 96,800 shares of the stock in a transaction on Friday, April 17th. The stock was sold at an average price of $3.01, for a total value of $291,368.00. Following the sale, the chief executive officer directly owned 2,771,122 shares of the company's stock, valued at $8,341,077.22. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 347,920 shares of company stock valued at $1,007,776 over the last quarter. 2.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. PFG Investments LLC bought a new position in Kopin during the first quarter valued at about $225,000. Private Advisor Group LLC bought a new position in Kopin during the first quarter valued at about $32,000. Y Intercept Hong Kong Ltd bought a new position in Kopin during the first quarter valued at about $73,000. Inspire Investing LLC boosted its stake in Kopin by 16.3% during the first quarter. Inspire Investing LLC now owns 236,248 shares of the company's stock valued at $532,000 after buying an additional 33,176 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC boosted its stake in Kopin by 100.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 21,800 shares of the company's stock valued at $49,000 after buying an additional 10,900 shares in the last quarter. Institutional investors own 30.96% of the company's stock.

Kopin Price Performance

Shares of KOPN traded up $0.29 during trading hours on Tuesday, reaching $4.00. 40,917,015 shares of the company's stock traded hands, compared to its average volume of 3,756,562. The firm has a market capitalization of $733.44 million, a price-to-earnings ratio of 400.40 and a beta of 2.73. Kopin has a twelve month low of $1.22 and a twelve month high of $4.63. The business's fifty day simple moving average is $2.48 and its two-hundred day simple moving average is $2.67.

Kopin (NASDAQ:KOPN - Get Free Report) last issued its quarterly earnings results on Monday, April 13th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.06. The company had revenue of $8.37 million for the quarter, compared to analyst estimates of $12.98 million. Kopin had a return on equity of 8.53% and a net margin of 6.63%. On average, equities research analysts expect that Kopin will post -0.03 EPS for the current year.

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.

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