Funko (NASDAQ:FNKO) Sets New 1-Year High at $12.35

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

Wall Street Analyst Weigh In

FNKO has been the subject of several research analyst reports. B. Riley upped their price target on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. DA Davidson reiterated a “buy” rating and issued a $12.00 target price on shares of Funko in a research report on Friday, August 9th. Finally, Stifel Nicolaus lifted their price target on Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, July 25th.

Funko Trading Down 1.9 %

The company has a market cap of $642.65 million, a P/E ratio of -4.87 and a beta of 1.18. The firm’s 50 day moving average is $10.26 and its two-hundred day moving average is $8.73. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.25. The company had revenue of $247.70 million during the quarter, compared to the consensus estimate of $231.04 million. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned ($0.53) earnings per share. As a group, equities research analysts anticipate that Funko, Inc. will post -0.21 EPS for the current year.

Insider Transactions at Funko

In other news, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $8.90, for a total transaction of $17,800,000.00. Following the completion of the sale, the insider now directly owns 5,129,838 shares in the company, valued at $45,655,558.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $8.90, for a total transaction of $17,800,000.00. Following the completion of the sale, the insider now owns 5,129,838 shares of the company’s stock, valued at $45,655,558.20. The transaction was disclosed in a legal filing 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 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 completion of the transaction, the insider now directly owns 6,362 shares in the company, valued at $76,344. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,028,444 shares of company stock worth $18,126,690. Company insiders own 4.81% of the company’s stock.

Institutional Investors Weigh In On Funko

A number of large investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Funko during the 2nd quarter worth about $121,000. Marshall Wace LLP raised its stake 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 position in Funko in the second quarter worth approximately $1,138,000. Massachusetts Financial Services Co. MA grew its stake in Funko by 21.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after acquiring an additional 619,114 shares during the period. Finally, American Century Companies Inc. grew its stake in Funko by 81.1% in the second 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. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.