Investment analysts at LADENBURG THALM/SH SH assumed coverage on shares of Kopin (NASDAQ:KOPN) in a report issued on Monday, February 4th, MarketBeat.com reports. The firm set a “buy” rating and a $2.20 price target on the stock. LADENBURG THALM/SH SH’s price objective would indicate a potential upside of 48.65% from the company’s current price.
NASDAQ KOPN traded down $0.05 during trading hours on Monday, reaching $1.48. 208,764 shares of the company were exchanged, compared to its average volume of 416,122. The company has a market capitalization of $125.64 million, a PE ratio of -3.70 and a beta of 1.60. Kopin has a 1 year low of $0.96 and a 1 year high of $3.95.
In other news, EVP Bor Yeu Tsaur sold 167,611 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $1.14, for a total value of $191,076.54. Following the completion of the sale, the executive vice president now directly owns 429,188 shares in the company, valued at approximately $489,274.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Hong K. Choi sold 18,598 shares of Kopin stock in a transaction on Tuesday, December 11th. The stock was sold at an average price of $1.43, for a total transaction of $26,595.14. Following the completion of the transaction, the insider now directly owns 350,506 shares in the company, valued at $501,223.58. The disclosure for this sale can be found here. Insiders sold 476,925 shares of company stock valued at $558,396 over the last 90 days. 10.00% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the business. D. E. Shaw & Co. Inc. bought a new position in Kopin in the 4th quarter worth about $47,000. Virtu Financial LLC bought a new position in Kopin in the 4th quarter worth about $65,000. Jane Street Group LLC bought a new position in Kopin in the 4th quarter worth about $74,000. SG Americas Securities LLC bought a new position in Kopin in the 4th quarter worth about $91,000. Finally, Barclays PLC boosted its stake in Kopin by 21.8% in the 4th quarter. Barclays PLC now owns 128,099 shares of the company’s stock worth $128,000 after purchasing an additional 22,905 shares in the last quarter. 46.10% of the stock is currently owned by institutional investors and hedge funds.
Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company's Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature liquid crystal displays, liquid crystal on silicon displays/ spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits.
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