Funko (NASDAQ:FNKO) Trading Up 5.1% – Should You Buy?

Shares of Funko, Inc. (NASDAQ:FNKO) were up 5.1% during trading on Wednesday . The stock traded as high as $14.56 and last traded at $14.55. Approximately 390,750 shares changed hands during trading, a decline of 30% from the average daily volume of 556,762 shares. The stock had previously closed at $13.84.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FNKO. Stifel Nicolaus lifted 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 reiterated a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday, January 2nd. Finally, B. Riley boosted their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th.

Funko Trading Up 4.8 %

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 business’s 50-day simple moving average is $11.83 and its two-hundred day simple moving average is $10.96. The stock has a market capitalization of $785.32 million, a price-to-earnings ratio of -30.21 and a beta of 1.22.

Insider Buying and Selling

In other news, insider Andrew David Oddie sold 27,712 shares of Funko stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the sale, the insider now owns 20,186 shares in the company, valued at $275,942.62. This trade represents a 57.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the transaction, the insider now owns 6,362 shares of the company’s stock, valued at $79,843.10. This trade represents a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 139,720 shares of company stock valued at $1,576,493. Company insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FNKO. Quest Partners LLC acquired a new stake in Funko in the second quarter valued at $25,000. Rhumbline Advisers increased its position in shares of Funko by 9.0% in the 2nd quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock worth $529,000 after purchasing an additional 4,475 shares during the last quarter. Olympiad Research LP increased its position in shares of Funko by 40.3% in the 3rd quarter. Olympiad Research LP now owns 23,532 shares of the company’s stock worth $288,000 after purchasing an additional 6,756 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Funko by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company’s stock valued at $1,111,000 after purchasing an additional 10,034 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of Funko during the third quarter worth about $129,000. Hedge funds and other 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.