Funko (NASDAQ:FNKO) Hits New 52-Week High - What's Next?

Funko, Inc. (NASDAQ:FNKO - Get Free Report) shares reached a new 52-week high during trading on Friday . The stock traded as high as $12.63 and last traded at $12.58, with a volume of 437490 shares. The stock had previously closed at $11.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FNKO shares. Stifel Nicolaus increased their price objective on shares of Funko from $9.00 to $10.50 and gave the company a "hold" rating in a research note on Tuesday, October 22nd. DA Davidson reaffirmed a "buy" rating and set a $16.00 target price on shares of Funko in a research report on Thursday, November 14th. Finally, B. Riley lifted their price target on Funko from $13.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, September 12th.

Funko Stock Up 7.3 %

The stock has a market cap of $676.41 million, a PE ratio of -26.02 and a beta of 1.22. The business has a 50 day moving average price of $11.51 and a 200 day moving average price of $10.67. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Insider Buying and Selling at Funko

In other news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the transaction, the insider now owns 40,372 shares in the company, valued at $485,675.16. This trade represents a 21.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Tracy D. Daw sold 14,650 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the transaction, the insider now owns 6,362 shares of the company's stock, valued at $79,843.10. This represents a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,811 shares of company stock valued at $1,411,061. Corporate insiders own 4.81% of the company's stock.

Institutional Trading of Funko

Large investors have recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in shares of Funko during the 3rd quarter worth approximately $231,000. Barclays PLC increased its position in Funko by 278.5% during the third quarter. Barclays PLC now owns 40,972 shares of the company's stock worth $501,000 after purchasing an additional 30,147 shares during the last quarter. Geode Capital Management LLC raised its stake in Funko by 1.6% during the third quarter. Geode Capital Management LLC now owns 807,760 shares of the company's stock worth $9,873,000 after purchasing an additional 13,002 shares during the period. XTX Topco Ltd boosted its holdings in Funko by 203.4% in the 3rd quarter. XTX Topco Ltd now owns 35,560 shares of the company's stock valued at $435,000 after purchasing an additional 23,840 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Funko by 50.0% in the 3rd quarter. Jane Street Group LLC now owns 97,857 shares of the company's stock valued at $1,196,000 after buying an additional 32,598 shares during the period. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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.