Olympiad Research LP Acquires 6,756 Shares of Funko, Inc. (NASDAQ:FNKO)

Olympiad Research LP boosted its holdings in Funko, Inc. (NASDAQ:FNKO) by 40.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,532 shares of the company’s stock after purchasing an additional 6,756 shares during the quarter. Olympiad Research LP’s holdings in Funko were worth $288,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FNKO. California State Teachers Retirement System increased its holdings 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 valued at $207,000 after acquiring an additional 1,414 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Funko by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock valued at $414,000 after acquiring an additional 2,342 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Funko during the second quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Funko by 7.3% during 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 in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Funko by 9.0% during the second quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock valued at $529,000 after acquiring an additional 4,475 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

Insider Activity at Funko

In other Funko news, insider Andrew David Oddie sold 10,800 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value of $129,924.00. Following the transaction, the insider now directly owns 40,372 shares in the company, valued at $485,675.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Funko news, insider Tracy D. Daw sold 10,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the transaction, the insider now directly owns 6,362 shares in the company, valued at $76,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew David Oddie sold 10,800 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the transaction, the insider now owns 40,372 shares of the company’s stock, valued at $485,675.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,805 shares of company stock worth $415,169. 4.81% of the stock is owned by company insiders.

Funko Stock Performance

NASDAQ:FNKO opened at $12.22 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.92. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $12.61. The firm has a market cap of $659.15 million, a price-to-earnings ratio of -14.05 and a beta of 1.21. The business’s fifty day moving average is $11.59 and its 200 day moving average is $9.86.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The company had revenue of $247.70 million for the quarter, compared to analyst estimates of $231.04 million. During the same period in the previous year, the company posted ($0.53) EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Research analysts predict that Funko, Inc. will post -0.21 EPS for the current year.

Analyst Upgrades and Downgrades

FNKO has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and set a $12.00 target price on shares of Funko in a research report on Friday, August 9th. B. Riley boosted their price objective on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, Stifel Nicolaus boosted their price objective on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd.

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.