Stock Traders Purchase High Volume of Funko Call Options (NASDAQ:FNKO)

Funko, Inc. (NASDAQ:FNKO) saw some unusual options trading activity on Thursday. Stock traders acquired 10,112 call options on the company. This represents an increase of approximately 853% compared to the typical daily volume of 1,061 call options.

Funko Price Performance

Shares of Funko stock opened at $4.26 on Friday. The firm has a market cap of $235.96 million, a PE ratio of -3.35 and a beta of 0.54. The stock has a 50 day moving average of $3.30 and a 200 day moving average of $3.42. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. Funko has a 12 month low of $2.22 and a 12 month high of $14.28.

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

Institutional Trading of Funko

Large investors have recently made changes to their positions in the business. Hosking Partners LLP purchased a new stake in shares of Funko during the third quarter valued at $4,853,000. Wealth Enhancement Advisory Services LLC bought a new stake in Funko during the 2nd quarter valued at about $51,000. Public Employees Retirement System of Ohio boosted its position in Funko by 46.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 51,532 shares of the company’s stock valued at $245,000 after buying an additional 16,352 shares during the period. Parcion Private Wealth LLC boosted its position in Funko by 64.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 19,525 shares of the company’s stock valued at $93,000 after buying an additional 7,675 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Funko in the 3rd quarter worth about $86,000. 99.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FNKO shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research note on Wednesday, October 8th. Wall Street Zen raised 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $4.75.

Funko Company Profile

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.