O Connor Financial Group LLC Takes $28,000 Position in Kopin Co. (NASDAQ:KOPN)

O Connor Financial Group LLC bought a new position in Kopin Co. (NASDAQ:KOPN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,252 shares of the company’s stock, valued at approximately $28,000.

A number of other hedge funds have also made changes to their positions in the company. XTX Topco Ltd bought a new stake in Kopin during the second quarter worth about $32,000. FMR LLC boosted its holdings in shares of Kopin by 101,059.6% in the 3rd quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after acquiring an additional 57,604 shares in the last quarter. Affinity Capital Advisors LLC acquired a new position in shares of Kopin in the 3rd quarter worth approximately $54,000. AMG National Trust Bank grew its position in Kopin by 19.0% during the 3rd quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock worth $91,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC increased its holdings 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 purchasing an additional 28,000 shares in the last quarter. Institutional investors and hedge funds own 30.96% of the company’s stock.

Kopin Price Performance

Shares of KOPN stock traded up $0.06 on Monday, reaching $1.53. 2,110,399 shares of the stock were exchanged, compared to its average volume of 2,053,374. The stock has a 50 day moving average price of $1.08 and a 200 day moving average price of $0.94. The stock has a market cap of $242.97 million, a PE ratio of -3.73 and a beta of 2.71. Kopin Co. has a one year low of $0.56 and a one year high of $2.82.

Kopin (NASDAQ:KOPN) last released its earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period in the prior year, the company posted ($0.02) EPS. On average, research analysts expect that Kopin Co. will post -0.14 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Kopin in a research report on Wednesday, November 13th. Finally, Canaccord Genuity Group started coverage on shares of Kopin in a research report on Thursday. They issued a “buy” rating and a $2.00 price objective for the company. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $2.50.

Kopin Company 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.