Funko (NASDAQ:FNKO) Hits New 12-Month High at $12.35

Funko, Inc. (NASDAQ:FNKO) hit a new 52-week high on Tuesday . The company traded as high as $12.35 and last traded at $12.12, with a volume of 16215 shares traded. The stock had previously closed at $12.22.

Analysts Set New Price Targets

Several research firms have recently weighed in on FNKO. DA Davidson reiterated a “buy” rating and set a $12.00 price objective on shares of Funko in a report on Friday, August 9th. B. Riley raised their price target on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus increased their target price on shares of Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Thursday, July 25th.

Funko Trading Down 1.9 %

The stock has a market cap of $642.65 million, a price-to-earnings ratio of -4.87 and a beta of 1.18. The business’s 50 day simple moving average is $10.26 and its 200 day simple moving average is $8.73. 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 posted its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.25. The business 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 was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.53) EPS. On average, research analysts expect that Funko, Inc. will post -0.21 EPS for the current fiscal year.

Insider Activity at Funko

In related news, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of Funko stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $8.90, for a total transaction of $17,800,000.00. Following the completion of the sale, the insider now directly owns 5,129,838 shares of the company’s stock, valued at approximately $45,655,558.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $485,675.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of Funko stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $8.90, for a total value of $17,800,000.00. Following the completion of the transaction, the insider now directly owns 5,129,838 shares of the company’s stock, valued at $45,655,558.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,028,444 shares of company stock worth $18,126,690. Insiders own 4.81% of the company’s stock.

Institutional Trading of Funko

Large investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its position in Funko by 4.5% during the first quarter. California State Teachers Retirement System now owns 33,179 shares of the company’s stock worth $207,000 after purchasing an additional 1,414 shares during the period. BNP Paribas Financial Markets raised its position in Funko by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock valued at $414,000 after purchasing an additional 2,342 shares in the last quarter. Quest Partners LLC acquired a new position in Funko during the second quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD lifted its stake in Funko by 7.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company’s stock worth $246,000 after purchasing an additional 2,689 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Funko in the 4th quarter valued at $34,000. 99.15% of the stock is owned by institutional investors and hedge funds.

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.