Funko (NASDAQ:FNKO) Sets New 52-Week High at $10.73

Funko, Inc. (NASDAQ:FNKO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $10.73 and last traded at $10.63, with a volume of 241956 shares traded. The stock had previously closed at $10.60.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FNKO. Stifel Nicolaus increased their price objective on shares of Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. DA Davidson reissued a “buy” rating and issued a $12.00 price objective on shares of Funko in a research note on Friday, August 9th. Finally, B. Riley increased their price objective on shares of Funko from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, May 10th.

Funko Stock Up 2.9 %

The company has a market capitalization of $555.29 million, a PE ratio of -4.13 and a beta of 1.18. The company’s 50 day moving average is $9.55 and its two-hundred day moving average is $8.08. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 0.54.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, August 8th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.24. The company had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $231.04 million. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. Funko’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the company posted ($0.53) earnings per share. On average, analysts anticipate that Funko, Inc. will post -0.27 earnings per share for the current year.

Insider Buying and Selling at Funko

In other Funko 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 transaction, the insider now owns 5,129,838 shares in the company, valued at $45,655,558.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Funko news, insider Andrew David Oddie sold 16,690 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $9.22, for a total transaction of $153,881.80. Following the completion of the transaction, the insider now owns 57,091 shares in the company, valued at $526,379.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the firm’s stock in a transaction dated 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 approximately $45,655,558.20. The disclosure for this sale can be found here. Insiders sold 2,060,704 shares of company stock worth $18,379,784 over the last 90 days. 4.81% of the stock is owned by insiders.

Institutional Investors Weigh In On Funko

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Funko during the 2nd quarter valued at about $121,000. Marshall Wace LLP lifted its holdings in Funko by 160.1% during the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after buying an additional 654,359 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Funko during the 2nd quarter valued at about $1,138,000. Massachusetts Financial Services Co. MA lifted 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 valued at $34,609,000 after buying an additional 619,114 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Funko by 81.1% during the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after buying an additional 112,007 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

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.