Funko (NASDAQ:FNKO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Funko (NASDAQ:FNKO) had its price objective upped by stock analysts at Stifel Nicolaus from $11.00 to $12.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 14.22% from the stock’s current price.

A number of other research firms have also issued reports on FNKO. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Funko in a research note on Thursday. B. Riley increased their price objective on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th.

Funko Stock Up 2.9 %

Shares of Funko stock opened at $13.99 on Friday. Funko has a twelve month low of $5.36 and a twelve month high of $14.07. The stock has a market cap of $757.64 million, a price-to-earnings ratio of -29.15 and a beta of 1.22. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $11.75 and a 200 day moving average price of $10.90.

Insider Activity

In related news, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total value of $1,008,800.00. Following the sale, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. This trade represents a 89.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction dated Friday, December 20th. The shares were 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 approximately $79,843.10. The trade was a 69.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.81% of the company’s stock.

Institutional Investors Weigh In On Funko

A number of hedge funds and other institutional investors have recently made changes to their positions in FNKO. JPMorgan Chase & Co. increased its position in Funko by 5,486.5% during the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after acquiring an additional 814,357 shares during the period. Franklin Resources Inc. acquired a new position in Funko in the third quarter worth $231,000. Barclays PLC increased its position in Funko by 278.5% in the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock valued at $501,000 after acquiring an additional 30,147 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Funko by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after buying an additional 13,002 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in Funko by 203.4% in the third quarter. XTX Topco Ltd now owns 35,560 shares of the company’s stock valued at $435,000 after acquiring an additional 23,840 shares during the last quarter. 99.15% of the stock is owned by hedge funds and other 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.