Funko (NASDAQ:FNKO) Price Target Increased to $10.50 by Analysts at Stifel Nicolaus

Funko (NASDAQ:FNKO - Get Free Report) had its target price increased by research analysts at Stifel Nicolaus from $9.00 to $10.50 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Stifel Nicolaus' target price suggests a potential downside of 13.01% from the stock's previous close.

Other research analysts also recently issued reports about the company. B. Riley upped 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. DA Davidson restated a "buy" rating and set a $12.00 price objective on shares of Funko in a research report on Friday, August 9th.

Funko Stock Down 1.1 %

Funko stock traded down $0.14 during trading hours on Tuesday, hitting $12.07. 302,083 shares of the stock traded hands, compared to its average volume of 516,074. Funko has a one year low of $5.36 and a one year high of $12.61. The company has a market cap of $646.94 million, a PE ratio of -4.85 and a beta of 1.20. The firm's 50-day moving average price is $11.16 and its two-hundred day moving average price is $9.36. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49.

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

Insider Buying and Selling at Funko

In other Funko news, insider Tracy D. Daw sold 10,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.00, for a total value of $120,000.00. Following the transaction, the insider now directly owns 6,362 shares in the company, valued at approximately $76,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Funko news, Director Michael C. Lunsford sold 5,900 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the completion of the transaction, the director now owns 98,974 shares of the company's stock, valued at $945,201.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 10,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the completion of the sale, the insider now owns 6,362 shares in the company, valued at $76,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,805 shares of company stock worth $415,169 in the last three months. 4.81% of the stock is currently owned by company insiders.

Institutional Trading of Funko

A number of large investors have recently made changes to their positions in FNKO. California State Teachers Retirement System lifted its stake in shares of Funko by 4.5% in the 1st quarter. California State Teachers Retirement System now owns 33,179 shares of the company's stock valued at $207,000 after purchasing an additional 1,414 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Funko by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company's stock worth $414,000 after acquiring an additional 2,342 shares during the last quarter. Quest Partners LLC bought a new position in Funko during the 2nd quarter valued at about $25,000. Price T Rowe Associates Inc. MD raised its position in Funko by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company's stock worth $246,000 after purchasing an additional 2,689 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Funko by 9.0% during the second quarter. Rhumbline Advisers now owns 54,180 shares of the company's stock valued at $529,000 after buying an additional 4,475 shares during the period. 99.15% of the stock is currently owned by institutional investors.

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.