Funko, Inc. (NASDAQ:FNKO) Director Acquires $106,350.00 in Stock

Funko, Inc. (NASDAQ:FNKO - Get Free Report) Director Jason Harinstein acquired 15,000 shares of Funko stock in a transaction that occurred on Monday, March 17th. The shares were purchased at an average cost of $7.09 per share, with a total value of $106,350.00. Following the completion of the acquisition, the director now owns 15,000 shares of the company's stock, valued at $106,350. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Funko Price Performance

Shares of NASDAQ:FNKO traded up $0.06 on Friday, hitting $7.30. The company had a trading volume of 1,717,013 shares, compared to its average volume of 667,086. The company has a market cap of $395.34 million, a PE ratio of -15.21 and a beta of 0.94. The business has a 50 day moving average of $12.09 and a 200 day moving average of $11.89. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $14.65. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Hedge Funds Weigh In On Funko

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp acquired a new stake in Funko during the fourth quarter worth approximately $599,000. Wolverine Trading LLC purchased a new position in shares of Funko during the 4th quarter worth $489,000. Vident Advisory LLC boosted its holdings in shares of Funko by 48.8% during the fourth quarter. Vident Advisory LLC now owns 39,833 shares of the company's stock worth $533,000 after purchasing an additional 13,057 shares during the last quarter. State of Wyoming grew its position in shares of Funko by 115.2% in the fourth quarter. State of Wyoming now owns 22,731 shares of the company's stock valued at $304,000 after purchasing an additional 12,169 shares during the period. Finally, Man Group plc acquired a new position in Funko in the fourth quarter valued at $293,000. Institutional investors and hedge funds own 99.15% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. DA Davidson lowered their price objective on shares of Funko from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus increased their price target on shares of Funko from $11.00 to $12.00 and gave the company a "hold" rating in a research report on Friday, January 3rd.

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.