Funko (NASDAQ:FNKO) Earns Buy Rating from DA Davidson

Funko (NASDAQ:FNKO)‘s stock had its “buy” rating restated by equities researchers at DA Davidson in a research note issued on Thursday,Benzinga reports. They presently have a $16.00 target price on the stock. DA Davidson’s price target would suggest a potential upside of 53.99% from the stock’s previous close. DA Davidson also issued estimates for Funko’s Q4 2024 earnings at ($0.03) EPS.

FNKO has been the subject of several other research reports. Stifel Nicolaus lifted their price target on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. B. Riley boosted their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

Funko Price Performance

FNKO stock opened at $10.39 on Thursday. The firm has a market cap of $560.44 million, a price-to-earnings ratio of -21.65 and a beta of 1.21. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko has a 12-month low of $5.36 and a 12-month high of $12.61. The company’s fifty day simple moving average is $11.63 and its 200 day simple moving average is $10.01.

Insiders Place Their Bets

In related news, insider Andrew David Oddie sold 10,800 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the sale, the insider now directly owns 40,372 shares in the company, valued at approximately $485,675.16. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael C. Lunsford sold 7,361 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the transaction, the director now owns 108,613 shares in the company, valued at $1,305,528.26. This represents a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,805 shares of company stock valued at $357,861. Insiders own 4.81% of the company’s stock.

Institutional Investors Weigh In On Funko

Institutional investors have recently bought and sold shares of the stock. Quest Partners LLC purchased a new stake in Funko during the 2nd quarter valued at about $25,000. Walleye Capital LLC purchased a new stake in Funko in the 3rd quarter worth approximately $129,000. Paloma Partners Management Co purchased a new stake in Funko in the 1st quarter worth approximately $67,000. SG Americas Securities LLC purchased a new stake in Funko in the 3rd quarter worth approximately $136,000. Finally, EntryPoint Capital LLC purchased a new stake in Funko in the 1st quarter worth approximately $73,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.