Funko, Inc. (NASDAQ:FNKO) Director Acquires $106,350.00 in Stock

Funko, Inc. (NASDAQ:FNKO) Director Jason Harinstein bought 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average cost of $7.09 per share, with a total value of $106,350.00. Following the completion of the purchase, the director now owns 15,000 shares of the company’s stock, valued at approximately $106,350. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Funko Stock Up 2.9 %

FNKO stock opened at $7.34 on Thursday. The firm has a market capitalization of $397.51 million, a P/E ratio of -15.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The company’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $11.92. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $14.65.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FNKO shares. Stifel Nicolaus boosted their price target on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd. DA Davidson cut their price target on shares of Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, March 7th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new position in Funko in the 4th quarter valued at approximately $38,000. Quest Partners LLC increased its stake in Funko by 160.9% in the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock valued at $80,000 after buying an additional 4,045 shares during the period. Walleye Capital LLC acquired a new position in Funko in the 3rd quarter valued at approximately $129,000. Intech Investment Management LLC acquired a new position in Funko in the 4th quarter valued at approximately $148,000. Finally, Hsbc Holdings PLC acquired a new position in Funko in the 4th quarter valued at approximately $152,000. 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.