Funko (NASDAQ:FNKO) Given New $10.50 Price Target at Stifel Nicolaus

Funko (NASDAQ:FNKO) had its price target lifted by Stifel Nicolaus from $9.00 to $10.50 in a research note published on Tuesday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other analysts have also recently commented on FNKO. B. Riley raised their price objective on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. DA Davidson reiterated a “buy” rating and set a $12.00 price target on shares of Funko in a research report on Friday, August 9th.

Funko Trading Down 0.8 %

Shares of Funko stock opened at $11.80 on Tuesday. The firm has a market cap of $632.47 million, a price-to-earnings ratio of -4.70 and a beta of 1.20. Funko has a 52-week low of $5.36 and a 52-week high of $12.61. The company’s 50-day simple moving average is $11.35 and its 200-day simple moving average is $9.48. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. The company had revenue of $247.70 million for the quarter, compared to analyst estimates of $231.04 million. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.53) EPS. As a group, equities research analysts anticipate that Funko will post -0.21 earnings per share for the current year.

Insider Buying and Selling

In other Funko news, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the transaction, the insider now directly owns 40,372 shares in the company, valued at approximately $485,675.16. This trade 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. In other Funko news, insider Andrew David Oddie sold 10,800 shares of the 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 owns 40,372 shares in the company, valued at approximately $485,675.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael C. Lunsford sold 5,900 shares of the firm’s stock in a transaction on 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 directly owns 98,974 shares of the company’s stock, valued at $945,201.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,805 shares of company stock worth $415,169 in the last three months. Corporate insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

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