Funko, Inc. (NASDAQ:FNKO) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totalling 4,060,000 shares, a growth of 15.7% from the October 15th total of 3,510,000 shares. Based on an average daily trading volume, of 646,500 shares, the days-to-cover ratio is currently 6.3 days. Currently, 21.7% of the company's shares are short sold.
Funko stock opened at $8.53 on Friday. The company has a fifty day simple moving average of $6.58 and a 200-day simple moving average of $5.90. The firm has a market capitalization of $423.53 million, a price-to-earnings ratio of -31.59 and a beta of 2.25. The company has a quick ratio of 1.15, a current ratio of 1.63 and a debt-to-equity ratio of 0.67. Funko has a 52-week low of $3.12 and a 52-week high of $17.76.
Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.26. The firm had revenue of $191.23 million for the quarter, compared to analyst estimates of $169.10 million. Funko had a negative net margin of 1.54% and a positive return on equity of 2.27%. On average, research analysts anticipate that Funko will post -0.09 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of FNKO. Advisor Group Holdings Inc. purchased a new position in Funko during the 1st quarter worth $32,000. BNP Paribas Arbitrage SA grew its holdings in shares of Funko by 444.6% during the third quarter. BNP Paribas Arbitrage SA now owns 5,484 shares of the company's stock worth $32,000 after buying an additional 4,477 shares in the last quarter. UBS Group AG grew its holdings in shares of Funko by 240.0% during the second quarter. UBS Group AG now owns 6,869 shares of the company's stock worth $40,000 after buying an additional 4,849 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in Funko in the third quarter valued at approximately $73,000. Finally, American International Group Inc. grew its holdings in Funko by 13.4% in the second quarter. American International Group Inc. now owns 14,698 shares of the company's stock valued at $85,000 after purchasing an additional 1,737 shares during the period. 52.74% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on FNKO shares. ValuEngine lowered shares of Funko from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 8th. Zacks Investment Research lowered Funko from a "hold" rating to a "sell" rating in a research note on Thursday, November 12th. Finally, BidaskClub downgraded Funko from a "hold" rating to a "sell" rating in a research note on Monday, November 2nd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Funko currently has an average rating of "Hold" and an average price target of $9.98.
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States and internationally. The company offers vinyl, blind-packed miniature, and action figures; plush products; accessories; apparels, such as t-shirts and hats; homewares, including drinkware, party lights and other home accessories; and bags, purses and wallets, and board games.
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8 Stocks That Robinhood Investors Got Right
The online investing app Robinhood has been a clear pandemic winner. As more Americans were forced to work from home, many made the decision to begin testing their investing skills by trading stocks. Robinhood appeals to millennial and/or novice investors for several reasons. First, the app makes it fun. You might say it “gamefies” stock trading. With commission-free trades, investors have an incentive to trade frequently. And many users of the app do just that.
The second reason is that it allows investors to buy partial (or fractional) shares. Although Robinhood is often associated with penny stocks, the app lets investors buy shares of “pricey” stocks like Tesla (NASDAQ:TSLA) without having to pay for a full share right away.
And data shows that Robinhood investors have a healthier risk appetite than other investors. And that appetite has increased since the start of the pandemic. This lines up to the time when investors had more time on their hands.
With that said, many Robinhood investors have been, quite frankly, using the app to engage in a legal form of gambling. I say this because trying to dive quickly in and out of the market in an attempt to capture a profit may work. But historically, it’s a path to ruin.
However there are two sides to every story. And the same is true of Robinhood investors. There are many examples of where these investors have gotten it right. In this presentation, we’ll show you eight examples of stocks that the market and Robinhood investors have gotten exactly right.
View the "8 Stocks That Robinhood Investors Got Right".