Funko, Inc. (NASDAQ:FNKO) Short Interest Update

Funko, Inc. (NASDAQ:FNKO) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,230,000 shares, a decrease of 21.0% from the March 15th total of 4,090,000 shares. Approximately 9.1% of the shares of the company are sold short. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 3.2 days.

Insider Activity

In related news, insider Tracy D. Daw sold 18,608 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total value of $132,861.12. Following the completion of the sale, the insider now owns 26,332 shares in the company, valued at $188,010.48. This represents a 41.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew David Oddie sold 3,867 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $8.87, for a total transaction of $34,300.29. Following the transaction, the insider now directly owns 23,200 shares in the company, valued at $205,784. The trade was a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,959 shares of company stock valued at $227,640. 4.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Funko

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in Funko by 50.0% during the third quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock worth $1,196,000 after acquiring an additional 32,598 shares during the period. Barclays PLC boosted its position in shares of Funko by 278.5% during the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock worth $501,000 after purchasing an additional 30,147 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Funko by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after purchasing an additional 13,002 shares during the period. Franklin Resources Inc. purchased a new position in shares of Funko in the 3rd quarter valued at about $231,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Funko by 5,486.5% in 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 during the period. 99.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on FNKO shares. DA Davidson raised Funko to a “strong-buy” rating in a research note on Monday, April 14th. Stifel Nicolaus upped 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.

Funko Trading Up 8.7 %

NASDAQ FNKO opened at $4.37 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $238.32 million, a P/E ratio of -9.10 and a beta of 0.75. Funko has a 52-week low of $3.90 and a 52-week high of $14.65. The firm has a 50-day moving average price of $8.41 and a 200 day moving average price of $11.00.

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.