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

Funko, Inc. (NASDAQ:FNKO) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 3,670,000 shares, an increase of 5.8% from the October 15th total of 3,470,000 shares. Based on an average daily volume of 458,900 shares, the days-to-cover ratio is currently 8.0 days. Approximately 10.7% of the shares of the stock are short sold.

Insider Buying and Selling at Funko

In related news, Director Michael C. Lunsford sold 7,361 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the transaction, the director now owns 108,613 shares of the company’s stock, valued at $1,305,528.26. This represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.00, for a total transaction of $120,000.00. Following the completion of the transaction, the insider now owns 6,362 shares in the company, valued at approximately $76,344. This trade represents a 61.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,805 shares of company stock valued at $357,861. 4.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Funko

Several institutional investors have recently modified their holdings of FNKO. BNP Paribas Financial Markets increased its position in shares of Funko by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock worth $414,000 after acquiring an additional 2,342 shares in the last quarter. Swiss National Bank boosted its position in Funko by 12.7% during the first quarter. Swiss National Bank now owns 64,700 shares of the company’s stock worth $404,000 after purchasing an additional 7,300 shares during the period. EntryPoint Capital LLC acquired a new stake in Funko during the first quarter worth approximately $73,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Funko by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company’s stock worth $246,000 after acquiring an additional 2,689 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of Funko during the first quarter worth approximately $67,000. Institutional investors own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FNKO. Stifel Nicolaus lifted their price target on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. B. Riley upped their target price on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Funko in a research note on Thursday, November 14th.

Funko Trading Up 0.7 %

Shares of FNKO traded up $0.07 during trading hours on Tuesday, reaching $10.38. The stock had a trading volume of 404,076 shares, compared to its average volume of 527,532. The firm has a 50-day moving average of $11.65 and a 200 day moving average of $10.13. 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 company has a market cap of $562.18 million, a P/E ratio of -21.40 and a beta of 1.21. Funko has a 52 week low of $5.36 and a 52 week high of $12.61.

About Funko

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.