Funko (NASDAQ:FNKO) Price Target Raised to $12.00

Funko (NASDAQ:FNKO) had its price target boosted by Stifel Nicolaus from $11.00 to $12.00 in a report released on Friday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other research analysts have also recently commented on the company. B. Riley increased their target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Funko in a report on Thursday.

Funko Price Performance

FNKO stock opened at $13.99 on Friday. The firm has a 50 day simple moving average of $11.75 and a two-hundred day simple moving average of $10.90. The stock has a market cap of $757.64 million, a PE ratio of -29.15 and a beta of 1.16. Funko has a one year low of $5.36 and a one year high of $14.07. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Insider Buying and Selling at Funko

In related news, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the sale, the director now directly owns 11,613 shares in the company, valued at $120,775.20. This represents a 89.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tracy D. Daw sold 14,650 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total transaction of $183,857.50. Following the sale, the insider now directly owns 6,362 shares of the company’s stock, valued at $79,843.10. The trade was a 69.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.81% of the company’s stock.

Hedge Funds Weigh In On Funko

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in Funko by 5,486.5% during the 3rd 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 period. Marshall Wace LLP grew 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 worth $10,375,000 after buying an additional 654,359 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Funko by 21.2% during 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 period. Renaissance Technologies LLC bought a new position in shares of Funko during the second quarter valued at 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 worth $2,441,000 after acquiring an additional 112,007 shares during the period. 99.15% of the stock is owned by 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.