Funko (NASDAQ:FNKO) PT Raised to $10.50

Funko (NASDAQ:FNKO) had its target price upped by equities researchers at Stifel Nicolaus from $9.00 to $10.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential downside of 12.13% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. B. Riley boosted their price target on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. DA Davidson reissued a “buy” rating and set a $12.00 target price on shares of Funko in a research note on Friday, August 9th.

Funko Price Performance

FNKO stock opened at $11.95 on Tuesday. The business’s fifty day moving average price is $11.26 and its 200 day moving average price is $9.42. Funko has a 12-month low of $5.36 and a 12-month high of $12.61. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $640.51 million, a PE ratio of -4.76 and a beta of 1.20.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.25. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The business had revenue of $247.70 million for the quarter, compared to analysts’ expectations of $231.04 million. During the same quarter in the prior year, the company earned ($0.53) earnings per share. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, sell-side analysts anticipate that Funko will post -0.21 EPS for the current year.

Insider Buying and Selling at Funko

In other news, Director Michael C. Lunsford sold 5,900 shares of Funko stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the completion of the sale, the director now directly owns 98,974 shares of the company’s stock, valued at approximately $945,201.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Michael C. Lunsford sold 5,900 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $9.55, for a total value of $56,345.00. Following the transaction, the director now owns 98,974 shares in the company, valued at approximately $945,201.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael C. Lunsford sold 7,361 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total value of $88,479.22. Following the sale, the director now owns 108,613 shares of the company’s stock, valued at approximately $1,305,528.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,805 shares of company stock valued at $415,169. Insiders own 4.81% of the company’s stock.

Institutional Investors Weigh In On Funko

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new position in Funko in the second quarter valued at $6,996,000. Marshall Wace LLP boosted its position in shares of Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Funko by 21.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after buying an additional 619,114 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Funko during the second quarter worth approximately $1,138,000. Finally, American Century Companies Inc. lifted its stake in Funko by 81.1% in the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after buying an additional 112,007 shares during the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.