Funko (NASDAQ:FNKO) Stock Price Up 5.1% – Should You Buy?

Funko, Inc. (NASDAQ:FNKO)’s share price traded up 5.1% on Wednesday . The stock traded as high as $14.56 and last traded at $14.55. 390,750 shares were traded during trading, a decline of 30% from the average session volume of 556,762 shares. The stock had previously closed at $13.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FNKO shares. Stifel Nicolaus upped their price objective on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday, January 2nd. Finally, B. Riley lifted their price target on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th.

Funko Price Performance

The firm has a market cap of $778.76 million, a PE ratio of -29.96 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The business’s fifty day moving average is $11.93 and its 200-day moving average is $11.01.

Insiders Place Their Bets

In other Funko news, Director Michael C. Lunsford sold 97,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $10.40, for a total value of $1,008,800.00. Following the completion of the transaction, the director now directly owns 11,613 shares of the company’s stock, valued at $120,775.20. This trade represents a 89.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew David Oddie sold 27,712 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total transaction of $378,823.04. Following the completion of the transaction, the insider now directly owns 20,186 shares in the company, valued at approximately $275,942.62. The trade was a 57.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,720 shares of company stock worth $1,576,493 over the last 90 days. Corporate insiders own 4.81% of the company’s stock.

Hedge Funds Weigh In On Funko

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its holdings in shares of Funko by 21.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after acquiring an additional 619,114 shares in the last quarter. Marshall Wace LLP raised its stake in Funko by 160.1% in the second 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 in the last quarter. JPMorgan Chase & Co. lifted its position in Funko by 5,486.5% during the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after purchasing an additional 814,357 shares during the last quarter. Geode Capital Management LLC grew its stake in Funko by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after buying an additional 13,002 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Funko by 81.1% in the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after buying an additional 112,007 shares in the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

About Funko

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.