Funko (NASDAQ:FNKO) Given New $15.00 Price Target at B. Riley

Funko (NASDAQ:FNKO) had its target price boosted by B. Riley from $13.00 to $15.00 in a report released on Thursday, Benzinga reports. B. Riley currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on the stock. DA Davidson restated a buy rating and issued a $12.00 price objective on shares of Funko in a report on Friday, August 9th. Stifel Nicolaus upped their price objective on Funko from $8.00 to $9.00 and gave the stock a hold rating in a research report on Thursday, July 25th.

Funko Stock Up 4.7 %

Shares of NASDAQ FNKO opened at $11.82 on Thursday. Funko has a 52-week low of $5.36 and a 52-week high of $12.00. The business’s 50 day moving average is $9.75 and its two-hundred day moving average is $8.32. The firm has a market cap of $637.57 million, a price-to-earnings ratio of -4.71 and a beta of 1.18. 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 posted its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.25. The firm had revenue of $247.70 million for the quarter, compared to analyst estimates of $231.04 million. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. Funko’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.53) EPS. Research analysts predict that Funko will post -0.21 EPS for the current year.

Insider Activity at Funko

In other Funko news, insider Tracy D. Daw sold 20,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $9.33, for a total value of $186,600.00. Following the sale, the insider now directly owns 16,362 shares of the company’s stock, valued at approximately $152,657.46. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Michael C. Lunsford sold 5,900 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $9.55, for a total value of $56,345.00. Following the completion of the transaction, the director now directly owns 98,974 shares of the company’s stock, valued at $945,201.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy D. Daw sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $9.33, for a total transaction of $186,600.00. Following the sale, the insider now owns 16,362 shares of the company’s stock, valued at approximately $152,657.46. The disclosure for this sale can be found here. Insiders have sold a total of 2,026,000 shares of company stock valued at $18,043,908 over the last 90 days. 4.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Funko

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in shares of Funko by 4.5% during the first quarter. California State Teachers Retirement System now owns 33,179 shares of the company’s stock worth $207,000 after purchasing an additional 1,414 shares in the last quarter. BNP Paribas Financial Markets increased its position in Funko by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock worth $414,000 after buying an additional 2,342 shares during the period. Quest Partners LLC purchased a new stake in Funko in the second quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Funko by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company’s stock valued at $246,000 after acquiring an additional 2,689 shares during the period. Finally, Quarry LP purchased a new position in shares of Funko during the fourth quarter worth approximately $34,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.