Funko (NASDAQ:FNKO) Reaches New 1-Year High - Time to Buy?

Funko, Inc. (NASDAQ:FNKO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.40 and last traded at $13.05, with a volume of 368255 shares trading hands. The stock had previously closed at $12.52.

Wall Street Analyst Weigh In

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

Funko Stock Up 5.9 %

The stock's 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $10.74. The firm has a market cap of $718.11 million, a P/E ratio of -27.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Insiders Place Their Bets

In other Funko news, insider Tracy D. Daw sold 14,650 shares of the business's stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the sale, the insider now directly owns 6,362 shares in the company, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now owns 11,613 shares in the company, valued at approximately $120,775.20. This trade represents a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,011 shares of company stock valued at $1,281,137. Insiders own 4.81% of the company's stock.

Institutional Trading of Funko

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