Funko (NASDAQ:FNKO) Reaches New 1-Year High - Here's Why

Funko, Inc. (NASDAQ:FNKO - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $14.17 and last traded at $14.02, with a volume of 573052 shares trading hands. The stock had previously closed at $13.99.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. DA Davidson reaffirmed a "buy" rating and set a $16.00 target price on shares of Funko in a research note on Thursday, January 2nd. Stifel Nicolaus upped their price objective on Funko from $11.00 to $12.00 and gave the stock a "hold" rating in a research report on Friday. Finally, B. Riley lifted their target price on Funko from $13.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, September 12th.

Funko Stock Down 1.3 %

The business's 50 day moving average is $11.79 and its 200-day moving average is $10.93. 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 company has a market cap of $749.57 million, a PE ratio of -28.83 and a beta of 1.22.

Insider Activity at Funko

In related news, insider Andrew David Oddie sold 27,712 shares of Funko stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the sale, the insider now directly owns 20,186 shares in the company, valued at $275,942.62. This trade represents a 57.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael C. Lunsford sold 97,000 shares of Funko 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 sale, the director now owns 11,613 shares in the company, valued at $120,775.20. This trade represents a 89.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,720 shares of company stock valued at $1,576,493 over the last quarter. 4.81% of the stock is owned by insiders.

Institutional Trading of Funko

Large investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Funko in the 3rd quarter worth $860,000. Massachusetts Financial Services Co. MA lifted its position in 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 purchasing an additional 619,114 shares during the period. Quest Partners LLC boosted its holdings in Funko by 160.9% in the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company's stock valued at $80,000 after purchasing an additional 4,045 shares in the last quarter. FMR LLC increased its position in Funko by 1,541.0% during the 3rd quarter. FMR LLC now owns 57,649 shares of the company's stock worth $704,000 after purchasing an additional 54,136 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Funko during the 3rd quarter worth approximately $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.