Funko (NASDAQ:FNKO) Director Charles Denson Purchases 72,992 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) Director Charles Denson bought 72,992 shares of the company’s stock in a transaction on Monday, August 24th. The stock was bought at an average price of $6.85 per share, for a total transaction of $499,995.20. Following the completion of the purchase, the director directly owned 269,084 shares in the company, valued at approximately $1,843,225.40. This represents a 37.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Funko Stock Performance

Shares of NASDAQ:FNKO opened at $6.38 on Thursday. The firm’s 50 day simple moving average is $5.84 and its 200-day simple moving average is $4.92. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. Funko, Inc. has a one year low of $2.72 and a one year high of $7.04. The firm has a market cap of $356.84 million, a PE ratio of -159.46 and a beta of 0.93.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.47. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%.The firm had revenue of $207.72 million during the quarter, compared to analyst estimates of $200.96 million.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a report on Friday, July 17th. Wall Street Zen upgraded Funko from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. DA Davidson lifted their price objective on Funko from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $6.75 price objective on shares of Funko in a research note on Monday, August 10th. Finally, Seaport Research Partners started coverage on shares of Funko in a report on Monday. They set a “buy” rating and a $8.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Funko has a consensus rating of “Hold” and an average target price of $7.08.

Institutional Trading of Funko

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in Funko during the 2nd quarter valued at about $494,000. Bank of New York Mellon Corp acquired a new stake in Funko during the 2nd quarter worth about $648,000. Empowered Funds LLC grew its stake in Funko by 10.3% during the 1st quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock valued at $704,000 after purchasing an additional 20,882 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Funko during the 1st quarter valued at about $137,000. Finally, SEB Asset Management AB acquired a new position in shares of Funko in the first quarter valued at about $235,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.