Stifel Nicolaus Issues Positive Forecast for Funko (NASDAQ:FNKO) Stock Price

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

FNKO has been the topic of a number of other research reports. DA Davidson restated a “buy” rating and issued a $16.00 price objective on shares of Funko in a report on Thursday. B. Riley upped their price target on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

Funko Price Performance

Shares of FNKO stock opened at $13.99 on Friday. The business’s fifty day moving average is $11.75 and its 200 day moving average is $10.90. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock has a market cap of $757.64 million, a price-to-earnings ratio of -29.15 and a beta of 1.16. Funko has a twelve month low of $5.36 and a twelve month high of $14.07.

Insider Buying and Selling at Funko

In other Funko news, Director Michael C. Lunsford sold 97,000 shares of Funko stock in a transaction 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 owns 11,613 shares of the company’s stock, valued at approximately $120,775.20. This trade represents a 89.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 6,362 shares in the company, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.81% of the stock is owned by company insiders.

Institutional Trading of Funko

A number of institutional investors have recently made changes to their positions in the stock. Quest Partners LLC bought a new position in Funko during the second quarter valued at approximately $25,000. Walleye Capital LLC purchased a new stake in Funko during the 3rd quarter valued at $129,000. SG Americas Securities LLC bought a new position in shares of Funko during the 3rd quarter valued at $136,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Funko in the 2nd quarter worth $121,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Funko in the third quarter worth $196,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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.