Funko, Inc. (NASDAQ:FNKO) Shares Sold by Cooper Creek Partners Management LLC

Cooper Creek Partners Management LLC reduced its stake in Funko, Inc. (NASDAQ:FNKO - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,130,427 shares of the company's stock after selling 813,514 shares during the quarter. Funko accounts for 1.3% of Cooper Creek Partners Management LLC's investment portfolio, making the stock its 24th largest position. Cooper Creek Partners Management LLC owned 5.78% of Funko worth $41,916,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Funko by 5,486.5% during the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company's stock worth $10,133,000 after purchasing an additional 814,357 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Funko in the fourth quarter valued at approximately $4,425,000. Landscape Capital Management L.L.C. purchased a new stake in Funko during the 4th quarter worth approximately $3,606,000. TBH Global Asset Management LLC acquired a new stake in Funko during the 4th quarter worth approximately $2,748,000. Finally, Archon Capital Management LLC purchased a new position in Funko in the 4th quarter valued at approximately $2,511,000. Hedge funds and other institutional investors own 99.15% of the company's stock.

Insiders Place Their Bets

In other news, insider Andrew David Oddie sold 3,867 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $8.87, for a total transaction of $34,300.29. Following the completion of the sale, the insider now owns 23,200 shares in the company, valued at approximately $205,784. The trade was a 14.29 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy D. Daw sold 18,608 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the transaction, the insider now directly owns 26,332 shares in the company, valued at $188,010.48. This trade represents a 41.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,959 shares of company stock valued at $227,640 in the last ninety days. Insiders own 4.81% of the company's stock.

Funko Price Performance

Funko stock opened at $4.48 on Friday. 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 fifty day simple moving average of $9.38 and a 200-day simple moving average of $11.27. The stock has a market cap of $244.32 million, a P/E ratio of -9.33 and a beta of 0.75. Funko, Inc. has a 12-month low of $4.31 and a 12-month high of $14.65.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. DA Davidson reduced their price objective on Funko from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus increased their price target on Funko from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Friday, January 3rd.

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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.

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