Funko (NASDAQ:FNKO) Hits New 12-Month High at $12.35

Funko, Inc. (NASDAQ:FNKO - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $12.35 and last traded at $12.12, with a volume of 16215 shares changing hands. The stock had previously closed at $12.22.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Funko from $8.00 to $9.00 and gave the stock a "hold" rating in a report on Thursday, July 25th. DA Davidson restated a "buy" rating and set a $12.00 price objective on shares of Funko in a research note on Friday, August 9th. Finally, B. Riley raised their target price on shares of Funko from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, September 12th.

Funko Price Performance

The company's 50-day simple moving average is $10.26 and its 200-day simple moving average is $8.73. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.59. The stock has a market capitalization of $646.94 million, a price-to-earnings ratio of -4.78 and a beta of 1.18.

Funko (NASDAQ:FNKO - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.25. The business had revenue of $247.70 million during the quarter, compared to analysts' expectations of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The business's revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.53) EPS. Research analysts forecast that Funko, Inc. will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Funko

In other Funko news, insider Andrew David Oddie sold 10,800 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the transaction, the insider now directly owns 40,372 shares in the company, valued at $485,675.16. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Funko news, insider Andrew David Oddie sold 10,800 shares of Funko stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value of $129,924.00. Following the transaction, the insider now owns 40,372 shares in the company, valued at $485,675.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the business's stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $8.90, for a total value of $17,800,000.00. Following the transaction, the insider now directly owns 5,129,838 shares of the company's stock, valued at approximately $45,655,558.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,028,444 shares of company stock valued at $18,126,690 in the last ninety days. 4.81% of the stock is currently owned by company insiders.

Institutional Trading of Funko

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Funko during the second quarter worth about $121,000. Marshall Wace LLP boosted its position in Funko by 160.1% during the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company's stock worth $10,375,000 after buying an additional 654,359 shares during the period. Renaissance Technologies LLC bought a new stake in Funko during the 2nd quarter worth approximately $1,138,000. Massachusetts Financial Services Co. MA grew its holdings in Funko by 21.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company's stock worth $34,609,000 after acquiring an additional 619,114 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Funko by 81.1% in the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company's stock valued at $2,441,000 after acquiring an additional 112,007 shares during the period. Institutional investors own 99.15% of the company's stock.

About Funko

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.