Charles Denson Buys 72,992 Shares of Funko (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) Director Charles Denson bought 72,992 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $6.85 per share, for a total transaction of $499,995.20. Following the completion of the acquisition, the director directly owned 269,084 shares in the company, valued at $1,843,225.40. The trade was a 37.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Funko Stock Up 5.6%

Shares of NASDAQ FNKO opened at $6.74 on Friday. The company has a market capitalization of $376.97 million, a P/E ratio of -168.46 and a beta of 0.93. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.16 and a quick ratio of 0.79. The company has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $4.94. Funko, Inc. has a 1 year low of $2.72 and a 1 year high of $7.04.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.47. The business had revenue of $207.72 million during the quarter, compared to analysts’ expectations of $200.96 million. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%. On average, equities research analysts predict that Funko, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

FNKO has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Funko from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. DA Davidson upped their price target on Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and set a $6.75 price target on shares of Funko in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Friday, July 17th. Finally, Seaport Research Partners initiated coverage on Funko in a report on Monday. They issued a “buy” rating and a $8.00 price objective on the stock. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.08.

Institutional Investors Weigh In On Funko

Several large investors have recently added to or reduced their stakes in FNKO. SG Americas Securities LLC lifted its holdings in Funko by 2,249.0% during the 1st quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock worth $815,000 after buying an additional 247,588 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Funko by 850,199.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock worth $11,564,000 after acquiring an additional 3,400,796 shares in the last quarter. Odyssean LLC purchased a new stake in shares of Funko during the fourth quarter worth $98,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Funko during the third quarter worth $86,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Funko in the fourth quarter valued at $82,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

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.