Stifel Nicolaus Issues Positive Forecast for Funko (NASDAQ:FNKO) Stock Price

Funko (NASDAQ:FNKO - Get Free Report) had its price objective increased by Stifel Nicolaus from $11.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Stifel Nicolaus' target price would indicate a potential downside of 14.22% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. DA Davidson reiterated a "buy" rating and set a $16.00 price target on shares of Funko in a report on Thursday. B. Riley boosted their target price on shares of Funko from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th.

Funko Stock Up 2.9 %

Shares of NASDAQ:FNKO traded up $0.39 during trading on Friday, hitting $13.99. The company's stock had a trading volume of 476,589 shares, compared to its average volume of 625,594. The company has a market capitalization of $757.64 million, a PE ratio of -29.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. Funko has a fifty-two week low of $5.36 and a fifty-two week high of $14.07. The business has a 50 day moving average price of $11.75 and a two-hundred day moving average price of $10.90.

Insider Buying and Selling at Funko

In related news, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the sale, the director now owns 11,613 shares in the company, valued at $120,775.20. This represents a 89.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 14,650 shares of the firm's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the transaction, the insider now directly owns 6,362 shares in the company, valued at $79,843.10. The trade was a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.81% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Funko

Several hedge funds have recently made changes to their positions in FNKO. Bank of New York Mellon Corp increased its position in Funko by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company's stock valued at $1,111,000 after acquiring an additional 10,034 shares during the period. Rhumbline Advisers increased its holdings in shares of Funko by 9.0% in the second quarter. Rhumbline Advisers now owns 54,180 shares of the company's stock valued at $529,000 after purchasing an additional 4,475 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Funko during the second quarter worth approximately $388,000. Quest Partners LLC acquired a new stake in shares of Funko during the second quarter worth $25,000. Finally, Chesapeake Capital Corp IL purchased a new position in Funko in the 2nd quarter valued at $336,000. Institutional investors and hedge funds 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.