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

Funko, Inc. (NASDAQ:FNKO) was the recipient of some unusual options trading on Thursday. Stock traders acquired 10,112 call options on the stock. This represents an increase of 853% compared to the average daily volume of 1,061 call options.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FNKO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Funko from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Funko currently has an average rating of “Hold” and a consensus price target of $4.75.

Funko Stock Up 17.0%

NASDAQ:FNKO opened at $4.41 on Friday. The company’s 50-day simple moving average is $3.28 and its 200-day simple moving average is $3.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 0.66. Funko has a fifty-two week low of $2.22 and a fifty-two week high of $14.28. The stock has a market capitalization of $244.27 million, a P/E ratio of -3.47 and a beta of 0.54.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.14. The company had revenue of $250.91 million during the quarter, compared to analysts’ expectations of $264.94 million. Funko had a negative net margin of 7.39% and a negative return on equity of 23.66%. On average, equities analysts anticipate that Funko will post -0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Funko

Several institutional investors have recently added to or reduced their stakes in the business. Hosking Partners LLP acquired a new position in shares of Funko during the third quarter valued at about $4,853,000. JPMorgan Chase & Co. increased its stake in Funko by 5,627.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 900,360 shares of the company’s stock valued at $4,286,000 after purchasing an additional 884,639 shares in the last quarter. Fund 1 Investments LLC increased its stake in Funko by 13.4% during the 3rd quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company’s stock valued at $18,624,000 after purchasing an additional 640,000 shares in the last quarter. Manatuck Hill Partners LLC purchased a new position in shares of Funko in the second quarter worth $2,428,000. Finally, Millennium Management LLC acquired a new stake in shares of Funko during the third quarter worth $1,352,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

About Funko

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.