Quarry LP Purchases New Position in Funko, Inc. (NASDAQ:FNKO)

Quarry LP purchased a new position in shares of Funko, Inc. (NASDAQ:FNKO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,400 shares of the company’s stock, valued at approximately $34,000.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its position in shares of Funko by 145.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock valued at $63,000 after buying an additional 4,861 shares in the last quarter. RPO LLC purchased a new position in Funko during the fourth quarter valued at $86,000. Versor Investments LP acquired a new stake in shares of Funko in the fourth quarter valued at about $192,000. Trexquant Investment LP purchased a new stake in shares of Funko during the third quarter worth about $412,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Funko during the 4th quarter worth about $477,000. 99.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on FNKO. B. Riley boosted their price objective on Funko from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. DA Davidson boosted their price target on Funko from $10.50 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.33.

Funko Price Performance

FNKO stock opened at $10.48 on Tuesday. Funko, Inc. has a 1 year low of $5.27 and a 1 year high of $12.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.87 and a quick ratio of 0.52. The firm has a market capitalization of $561.73 million, a PE ratio of -4.18 and a beta of 1.21. The business has a 50 day simple moving average of $7.67 and a 200-day simple moving average of $7.20.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.10. The company had revenue of $215.70 million during the quarter, compared to analysts’ expectations of $218.26 million. Funko had a negative return on equity of 16.76% and a negative net margin of 11.46%. Equities research analysts anticipate that Funko, Inc. will post -0.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Tracy D. Daw sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $6.08, for a total transaction of $45,600.00. Following the completion of the sale, the insider now owns 58,670 shares in the company, valued at approximately $356,713.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Tracy D. Daw sold 7,500 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $6.08, for a total transaction of $45,600.00. Following the completion of the transaction, the insider now directly owns 58,670 shares in the company, valued at approximately $356,713.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Andrew David Oddie sold 16,719 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $10.09, for a total transaction of $168,694.71. Following the completion of the sale, the insider now owns 40,372 shares in the company, valued at $407,353.48. The disclosure for this sale can be found here. Insiders have sold 62,360 shares of company stock valued at $517,226 over the last ninety days. Company insiders own 4.81% 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.