Funko (NASDAQ:FNKO) Upgraded by DA Davidson to "Strong-Buy" Rating

DA Davidson upgraded shares of Funko (NASDAQ:FNKO - Free Report) to a strong-buy rating in a research note published on Monday,Zacks.com reports. DA Davidson also issued estimates for Funko's Q1 2025 earnings at ($0.48) EPS, FY2025 earnings at ($0.07) EPS and FY2026 earnings at $0.50 EPS.

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

Funko Stock Up 8.7 %

Shares of NASDAQ:FNKO traded up $0.35 during trading hours on Monday, reaching $4.37. The stock had a trading volume of 1,497,953 shares, compared to its average volume of 735,655. The stock has a market capitalization of $238.32 million, a price-to-earnings ratio of -9.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. Funko has a 1 year low of $3.90 and a 1 year high of $14.65. The firm's 50 day moving average is $8.41 and its 200-day moving average is $11.00.

Insiders Place Their Bets

In other Funko news, Director Jason Harinstein bought 15,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was acquired at an average cost of $7.09 per share, with a total value of $106,350.00. Following the purchase, the director now owns 15,000 shares in the company, valued at $106,350. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tracy D. Daw sold 18,608 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total transaction of $132,861.12. Following the sale, the insider now directly owns 26,332 shares in the company, valued at $188,010.48. This trade represents a 41.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 29,959 shares of company stock worth $227,640 in the last quarter. 4.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Funko

Several large investors have recently modified their holdings of FNKO. Marshall Wace LLP grew its stake in Funko by 384.3% during the fourth quarter. Marshall Wace LLP now owns 1,542,440 shares of the company's stock worth $20,653,000 after purchasing an additional 1,223,939 shares during the period. Assenagon Asset Management S.A. increased its holdings in Funko by 952.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company's stock worth $8,475,000 after acquiring an additional 1,118,090 shares during the last quarter. Divisadero Street Capital Management LP bought a new position in shares of Funko in the fourth quarter worth $13,783,000. SG Americas Securities LLC grew its stake in Funko by 5,429.1% during the first quarter. SG Americas Securities LLC now owns 1,011,493 shares of the company's stock valued at $6,939,000 after acquiring an additional 993,199 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Funko by 5,486.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company's stock valued at $10,133,000 after acquiring an additional 814,357 shares in the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

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.