Funko’s (FNKO) “Buy” Rating Reaffirmed at DA Davidson

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

A number of other brokerages have also recently issued reports on FNKO. B. Riley lifted their price objective on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Stifel Nicolaus lifted their price target on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd.

Funko Trading Up 1.6 %

NASDAQ:FNKO opened at $13.60 on Thursday. The firm has a market capitalization of $736.52 million, a P/E ratio of -28.33 and a beta of 1.22. 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 one year low of $5.36 and a one year high of $14.07. The company’s 50-day simple moving average is $11.70 and its 200 day simple moving average is $10.87.

Insider Transactions at Funko

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

Institutional Trading of Funko

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Funko by 5,486.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after acquiring an additional 814,357 shares during the period. Marshall Wace LLP lifted its position in shares of Funko by 160.1% in the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after acquiring an additional 654,359 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after purchasing an additional 619,114 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Funko during the second quarter valued at approximately $1,138,000. Finally, American Century Companies Inc. lifted its holdings in shares of Funko by 81.1% in the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after buying an additional 112,007 shares in the last quarter. Hedge funds and other 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.