In a filing, Funko Inc. revealed its 10% Owner Working Capital Advisors (UK) acquired Company’s shares for reported $54760.0 on Aug 29. In the deal valued at $6.46 per share,8,478 shares were bought. As a result of this transaction, Working Capital Advisors (UK) now holds 6,321,586 shares worth roughly $ 44.38 million.
Then, Working Capital Advisors (UK) bought 35,699 shares, generating $218,232 in total proceeds. Upon buying the shares at $6.11, the 10% Owner now owns 6,313,108 shares.
Before that, Working Capital Advisors (UK) bought 90,185 shares. Funko Inc. shares valued at $546,530 were divested by the 10% Owner at a price of $6.06 per share. As a result of the transaction, Working Capital Advisors (UK) now holds 6,277,409 shares, worth roughly $44.07 million.
Goldman downgraded its Funko Inc. [FNKO] rating to a Sell from a a Neutral in a research note published on Friday, February 01, 2023; the price target was decreased to $8.50 from $22. PT values the company’s stock at a premium of 17.41 to its Friday closing price.
Price Performance Review of FNKO
On Friday, Funko Inc. [NASDAQ:FNKO] saw its stock jump 0.72% to $7.02. On the same session, the stock had its day’s lowest price of $6.92, but rose to a high of $7.19. Over the last five days, the stock has gained 12.86%. Funko Inc. shares have fallen nearly -35.66% since the year began. Nevertheless, the stocks have fallen -68.48% over the past one year. While a 52-week high of $25.24 was reached on 06/14/23, a 52-week low of $5.27 was recorded on 08/16/23. SMA at 50 days reached $7.85, while 200 days put it at $9.83. A total of 0.8 million shares were traded, compared to the trading of 0.92 million shares in the previous session.
Levels Of Support And Resistance For FNKO Stock
The 24-hour chart illustrates a support level at 6.90, which if violated will result in even more drops to 6.77. On the upside, there is a resistance level at 7.17. A further resistance level may holdings at 7.31. The Relative Strength Index (RSI) on the 14-day chart is 53.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.85%. Stochastics %K at 89.46% indicates the stock is a selling.
How much short interest is there in Funko Inc.?
A steep rise in short interest was recorded in Funko Inc. stocks on Aug 14, 2023, growing by 0.55 million shares to a total of 3.48 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.93 million shares. There was a rise of 15.8%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.51.
Funko Inc. [FNKO] – Who Are The Largest Shareholders?
In filings from Working Capital Advisors, it is revealed that the company now owns 6,321,586 shares, or roughly 13.03% of the outstanding FNKO shares. In other words, the investor’s shares have risen by 1,602,915 from its previous 13-F filing of 4718671.0. Additionally, Cooper Creek Partners Management increased 12.24% of its stake after which the total value it holdings stand at $29,000,999, while Massachusetts Financial Services reduced -13.50% of its stake to hold $28.92 million in the firm. Over the last quarter, No Street GP LP purchased 249,465 shares of Funko Inc., while BlackRock Fund Advisors bought 218,327 shares. At present, The Vanguard Group, Inc. is holding 1,621,365 shares valued at $13.23 million. Woodson Capital Management LP owned 1,580,000 shares of the company at the time of its most recent 13F filing, worth $12.89 million.
According to FactSet, Funko Inc.’s share price will average $7.80 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.78 percent from its previous closing price of $6.97. Analysts expect Funko Inc. stock to reach the higher price of $9.50, while the lowest price estimate is $5.50. However, 5 analysts have rated FNKO stock as a Hold in their predictions for 2023.