Funko (NASDAQ:FNKO) Receives Buy Rating from DA Davidson

Funko (NASDAQ:FNKO - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at DA Davidson in a research note issued on Thursday,Benzinga reports. They presently have a $16.00 price target on the stock. DA Davidson's price objective indicates a potential upside of 17.65% from the stock's previous close.

A number of other analysts have also issued reports on FNKO. B. Riley raised their target price on shares of Funko from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. Stifel Nicolaus increased their price target on Funko from $9.00 to $10.50 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd.

Funko Trading Up 1.6 %

NASDAQ:FNKO traded up $0.21 on Thursday, reaching $13.60. The stock had a trading volume of 774,577 shares, compared to its average volume of 569,037. Funko has a 12-month low of $5.36 and a 12-month high of $14.07. The company has a market cap of $736.52 million, a price-to-earnings ratio of -28.33 and a beta of 1.22. The firm's fifty day moving average is $11.70 and its two-hundred day moving average is $10.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Insider Transactions at Funko

In other news, Director Michael C. Lunsford sold 97,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was 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 in the company, valued at $120,775.20. This represents a 89.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Tracy D. Daw sold 14,650 shares of Funko stock in a transaction on Friday, December 20th. The shares were 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 owns 6,362 shares in the company, valued at $79,843.10. The trade was a 69.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.81% of the company's stock.

Institutional Trading of Funko

A number of institutional investors and hedge funds have recently bought and sold shares of FNKO. Quest Partners LLC acquired a new position in Funko during the second quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Funko in the 2nd quarter valued at $121,000. Walleye Capital LLC acquired a new position in shares of Funko during the 3rd quarter valued at $129,000. SG Americas Securities LLC purchased a new stake in Funko during the 3rd quarter worth $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Funko in the 3rd quarter valued at $196,000. Institutional investors and hedge funds own 99.15% 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.