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

Funko, Inc. (NASDAQ:FNKO) saw some unusual options trading on Thursday. Stock traders acquired 43,320 put options on the company. This is an increase of approximately 6,133% compared to the typical volume of 695 put options.

Analyst Upgrades and Downgrades

FNKO has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Funko in a report on Thursday, January 2nd. Stifel Nicolaus raised their price target on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd.

Insider Activity

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of Funko by 5,486.5% during the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after purchasing an additional 814,357 shares in the last quarter. TBH Global Asset Management LLC bought a new stake in shares of Funko during the 4th quarter valued at $2,748,000. FMR LLC boosted its holdings in shares of Funko by 1,541.0% during the 3rd quarter. FMR LLC now owns 57,649 shares of the company’s stock valued at $704,000 after buying an additional 54,136 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Funko in the 3rd quarter worth about $860,000. Finally, Barclays PLC increased its stake in shares of Funko by 278.5% in the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock worth $501,000 after acquiring an additional 30,147 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

Funko Price Performance

FNKO stock opened at $10.37 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko has a 1 year low of $5.36 and a 1 year high of $14.65. The firm has a 50-day moving average of $13.36 and a 200 day moving average of $12.09. The company has a market cap of $561.60 million, a P/E ratio of -21.60 and a beta of 0.94.

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.