Funko (NASDAQ:FNKO) Trading 4.7% Higher – Here’s What Happened

Funko, Inc. (NASDAQ:FNKO)’s stock price traded up 4.7% during trading on Thursday . The stock traded as high as $12.46 and last traded at $12.42. 1,627,081 shares changed hands during trading, an increase of 198% from the average session volume of 546,411 shares. The stock had previously closed at $11.86.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Funko in a research note on Thursday, November 14th. Stifel Nicolaus upped their price target on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, B. Riley upped their price target on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

Funko Price Performance

The company has a 50-day moving average price of $11.57 and a two-hundred day moving average price of $10.57. 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 has a market cap of $634.17 million, a PE ratio of -24.40 and a beta of 1.22.

Insider Transactions at Funko

In related news, insider Andrew David Oddie sold 10,800 shares of the 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 approximately $485,675.16. This represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael C. Lunsford sold 7,361 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the transaction, the director now directly owns 108,613 shares of the company’s stock, valued at $1,305,528.26. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 116,805 shares of company stock valued at $1,246,661 over the last quarter. Company insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in Funko during the 2nd quarter worth approximately $6,996,000. 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 worth $34,609,000 after buying an additional 619,114 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Funko during the 3rd quarter worth approximately $860,000. SG Americas Securities LLC bought a new position in Funko during the 3rd quarter worth approximately $136,000. Finally, Creative Planning bought a new position in Funko during the 3rd quarter worth approximately $240,000. Institutional investors 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.