Funko’s (FNKO) Buy Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Funko (NASDAQ:FNKO) in a report published on Thursday,Benzinga reports. The brokerage currently has a $16.00 price objective on the stock.

Several other research analysts have also weighed in on the company. B. Riley boosted their price target on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus upped their price objective on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, October 22nd.

Funko Price Performance

NASDAQ FNKO opened at $13.99 on Thursday. The firm has a market capitalization of $757.64 million, a price-to-earnings ratio of -29.15 and a beta of 1.22. The company has a 50 day simple moving average of $11.75 and a 200-day simple moving average of $10.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko has a 52-week low of $5.36 and a 52-week high of $14.07.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Funko

Several hedge funds and other institutional investors have recently modified their holdings of FNKO. Quest Partners LLC purchased a new position in shares of Funko during the second quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Funko during the second quarter valued at approximately $121,000. Walleye Capital LLC purchased a new position in shares of Funko during the third quarter valued at approximately $129,000. SG Americas Securities LLC purchased a new position in shares of Funko during the third quarter valued at approximately $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Funko during the third quarter valued at approximately $196,000. Institutional investors own 99.15% of the company’s stock.

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.