5 Cheap Stocks to Buy Before Christmas

4. Funko, Inc. (NASDAQ:FNKO)

Number of Hedge Fund Holders: 19 

Share Price as of November 4, 2021: $17.13

Funko, Inc. (NASDAQ:FNKO) makes and sells pop culture consumer products. The sales of these products, which are licensed by different brands, skyrocket during the holiday season because they make for great gift items for people of all ages. The stock is up 152% year-to-date on the back of reports that it is planning to enter the NFT market. The firm will shortly release third quarter earnings results, with analysts backing the firm to beat expectations. 

Jefferies analyst Stephanie Wissink recently upgraded Funko, Inc. (NASDAQ:FNKO) stock to Buy from Hold and increased the price target to $25 from $21, noting that returning in-store traffic would benefit the company in the coming months. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Woodson Capital Management is a leading shareholder in Funko, Inc. (NASDAQ:FNKO) with 3.6 million shares worth more than $76 million.