Funko (NASDAQ:FNKO) Given New $13.00 Price Target at DA Davidson

Funko (NASDAQ:FNKO - Get Free Report) had its price target dropped by equities researchers at DA Davidson from $16.00 to $13.00 in a note issued to investors on Friday, Marketbeat Ratings reports. The firm presently has a "buy" rating on the stock. DA Davidson's price target indicates a potential upside of 69.05% from the company's previous close.

Separately, Stifel Nicolaus upped their price target on Funko from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Friday, January 3rd.

Funko Trading Down 14.3 %

Shares of FNKO stock traded down $1.28 during trading on Friday, hitting $7.69. 2,951,560 shares of the stock traded hands, compared to its average volume of 849,124. The firm has a market capitalization of $416.46 million, a P/E ratio of -16.02 and a beta of 0.94. Funko has a 52-week low of $5.36 and a 52-week high of $14.65. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The firm's fifty day moving average price is $13.27 and its 200-day moving average price is $12.11.

Insider Activity at Funko

In other Funko news, insider Tracy D. Daw sold 14,650 shares of Funko stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew David Oddie sold 27,712 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total transaction of $378,823.04. Following the sale, the insider now owns 20,186 shares in the company, valued at $275,942.62. This trade represents a 57.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 43,079 shares of company stock worth $572,769. Insiders own 4.81% of the company's stock.

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Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. grew its stake in shares of Funko by 19.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company's stock worth $32,845,000 after acquiring an additional 404,849 shares in the last quarter. Vanguard Group Inc. grew its stake in Funko by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company's stock worth $26,222,000 after purchasing an additional 50,877 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Funko by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company's stock worth $20,688,000 after purchasing an additional 234,981 shares during the period. Marshall Wace LLP raised its position in Funko by 384.3% in the 4th quarter. Marshall Wace LLP now owns 1,542,440 shares of the company's stock valued at $20,653,000 after purchasing an additional 1,223,939 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new position in shares of Funko in the 4th quarter valued at about $13,783,000. Institutional investors and hedge funds 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.