Funko (NASDAQ:FNKO) Shares Down 10.3% - What's Next?

Shares of Funko, Inc. (NASDAQ:FNKO - Get Free Report) were down 10.3% during mid-day trading on Thursday . The company traded as low as $10.24 and last traded at $10.09. Approximately 579,745 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 701,800 shares. The stock had previously closed at $11.25.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FNKO shares. Stifel Nicolaus upped their price target on Funko from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Friday, January 3rd. DA Davidson lowered their price objective on Funko from $16.00 to $13.00 and set a "buy" rating for the company in a research report on Friday.

Funko Stock Performance

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 capitalization of $416.46 million, a price-to-earnings ratio of -16.02 and a beta of 0.94. The stock has a 50 day simple moving average of $13.15 and a two-hundred day simple moving average of $12.09.

Insider Buying and Selling at Funko

In other Funko news, insider Andrew David Oddie sold 3,867 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $8.87, for a total transaction of $34,300.29. Following the transaction, the insider now owns 23,200 shares of the company's stock, valued at approximately $205,784. This trade represents a 14.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the transaction, 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 disclosure for this sale can be found here. Insiders have sold a total of 50,835 shares of company stock worth $639,451 over the last ninety days. Corporate insiders own 4.81% of the company's stock.

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Hedge Funds Weigh In On Funko

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Funko by 4.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,783 shares of the company's stock worth $238,000 after buying an additional 828 shares during the last quarter. Rhumbline Advisers lifted its position in Funko by 1.9% in the fourth quarter. Rhumbline Advisers now owns 50,050 shares of the company's stock valued at $670,000 after purchasing an additional 951 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Funko by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,181 shares of the company's stock valued at $552,000 after acquiring an additional 2,413 shares during the period. Invesco Ltd. lifted its position in shares of Funko by 1.8% during the 4th quarter. Invesco Ltd. now owns 150,771 shares of the company's stock valued at $2,019,000 after acquiring an additional 2,668 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in shares of Funko during the 4th quarter valued at approximately $38,000. 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.