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

Funko, Inc. (NASDAQ:FNKO - Get Free Report) saw unusually large options trading activity on Thursday. Stock investors acquired 43,320 put options on the company. This is an increase of approximately 6,133% compared to the average daily volume of 695 put options.

Funko Price Performance

FNKO stock traded down $1.28 during trading on Monday, reaching $7.69. 2,951,560 shares of the company were exchanged, compared to its average volume of 849,124. The company has a 50-day moving average of $13.15 and a two-hundred day moving average of $12.09. The company has a market capitalization of $416.46 million, a price-to-earnings ratio of -16.02 and a beta of 0.94. Funko has a twelve month low of $5.36 and a twelve month high of $14.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Analyst Ratings Changes

A number of equities analysts recently issued reports on FNKO shares. Stifel Nicolaus upped their price objective on shares of Funko from $11.00 to $12.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. DA Davidson lowered their price objective on shares of Funko from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday.

Insider Transactions at Funko

In other news, insider Tracy D. Daw sold 14,650 shares of the company's stock in a transaction that occurred on 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 owns 6,362 shares of the company's stock, valued at approximately $79,843.10. This represents a 69.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Andrew David Oddie sold 27,712 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total transaction of $378,823.04. Following the sale, the insider now directly owns 20,186 shares of the company's stock, valued at approximately $275,942.62. This trade represents a 57.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,835 shares of company stock valued at $639,451. Company insiders own 4.81% of the company's stock.

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Hedge Funds Weigh In On Funko

Institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new position in Funko in the 4th quarter valued at approximately $599,000. Wolverine Trading LLC acquired a new position in Funko in the 4th quarter valued at approximately $489,000. Vident Advisory LLC increased its position in Funko by 48.8% in the 4th quarter. Vident Advisory LLC now owns 39,833 shares of the company's stock valued at $533,000 after acquiring an additional 13,057 shares during the period. State of Wyoming increased its position in Funko by 115.2% in the 4th quarter. State of Wyoming now owns 22,731 shares of the company's stock valued at $304,000 after acquiring an additional 12,169 shares during the period. Finally, Man Group plc acquired a new position in Funko in the 4th quarter valued at approximately $293,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.