Funko Target of Unusually High Options Trading (NASDAQ:FNKO)

Funko, Inc. (NASDAQ:FNKO) was the recipient of unusually large options trading activity on Thursday. Traders purchased 43,320 put options on the stock. This is an increase of approximately 6,133% compared to the typical volume of 695 put options.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FNKO shares. Stifel Nicolaus boosted their price objective on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. DA Davidson restated a “buy” rating and set a $16.00 price objective on shares of Funko in a research report on Thursday, January 2nd.

Insider Buying and Selling

In related news, insider Andrew David Oddie sold 27,712 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the transaction, the insider now owns 20,186 shares in the company, valued at $275,942.62. This represents a 57.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 14,650 shares of Funko stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total value of $183,857.50. Following the completion of the sale, the insider now directly owns 6,362 shares of the company’s stock, valued at $79,843.10. This trade represents a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,079 shares of company stock valued at $572,769 over the last quarter. Corporate insiders own 4.81% of the company’s stock.

Hedge Funds Weigh In On Funko

Institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in Funko in the fourth quarter valued at $38,000. Quest Partners LLC lifted its stake in shares of Funko by 160.9% in the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after buying an additional 4,045 shares in the last quarter. Walleye Capital LLC bought a new stake in Funko in the 3rd quarter worth about $129,000. Intech Investment Management LLC purchased a new stake in Funko in the fourth quarter worth approximately $148,000. Finally, Hsbc Holdings PLC bought a new position in Funko in the fourth quarter valued at about $152,000. 99.15% of the stock is currently owned by institutional investors.

Funko Stock Performance

Shares of FNKO stock traded down $0.90 during trading on Thursday, reaching $10.36. 1,760,065 shares of the company’s stock traded hands, compared to its average volume of 730,459. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $560.79 million, a P/E ratio of -21.57 and a beta of 0.94. Funko has a 1 year low of $5.36 and a 1 year high of $14.65. The firm’s 50-day moving average is $13.41 and its 200 day moving average is $12.10.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.