Funko (NASDAQ:FNKO) Given New $12.00 Price Target at Stifel Nicolaus

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

Several other research firms have also issued reports on FNKO. DA Davidson reissued a “buy” rating and set a $16.00 target price on shares of Funko in a research note on Thursday. B. Riley boosted 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.

Funko Stock Up 2.9 %

Shares of NASDAQ FNKO opened at $13.99 on Friday. 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 business’s 50 day moving average is $11.75 and its two-hundred day moving average is $10.90. Funko has a 52-week low of $5.36 and a 52-week high of $14.07. The firm has a market cap of $757.64 million, a price-to-earnings ratio of -29.15 and a beta of 1.22.

Insider Activity

In related news, 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 completion of the sale, the insider now owns 6,362 shares in the company, valued at $79,843.10. This represents a 69.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $120,775.20. The trade was a 89.31 % decrease in their ownership of the stock. 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 institutional investors have recently bought and sold shares of FNKO. Dynamic Technology Lab Private Ltd acquired a new position in Funko during the 3rd quarter worth approximately $860,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Funko by 21.2% in 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 in the last quarter. Quest Partners LLC grew its holdings in Funko by 160.9% during the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after acquiring an additional 4,045 shares during the period. SG Americas Securities LLC purchased a new position in Funko in the third quarter worth $136,000. Finally, Creative Planning acquired a new stake in Funko in the third quarter valued at $240,000. 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.