Funko, Inc. (NASDAQ:FNKO) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Funko, Inc. (NASDAQ:FNKO) by 81.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 250,121 shares of the company’s stock after purchasing an additional 112,007 shares during the quarter. American Century Companies Inc. owned 0.47% of Funko worth $2,441,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chesapeake Capital Corp IL acquired a new stake in Funko in the 2nd quarter valued at about $336,000. Quest Partners LLC acquired a new stake in Funko during the second quarter valued at approximately $25,000. Los Angeles Capital Management LLC bought a new stake in Funko during the second quarter worth approximately $388,000. Rhumbline Advisers grew its position in Funko by 9.0% in the second quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock worth $529,000 after buying an additional 4,475 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Funko by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company’s stock valued at $1,111,000 after buying an additional 10,034 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

Insider Activity at Funko

In other news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the transaction, the insider now owns 40,372 shares in the company, valued at approximately $485,675.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Funko news, insider Andrew David Oddie sold 10,800 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the sale, the insider now owns 40,372 shares of the company’s stock, valued at $485,675.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tracy D. Daw sold 20,000 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $9.33, for a total transaction of $186,600.00. Following the completion of the sale, the insider now owns 16,362 shares of the company’s stock, valued at $152,657.46. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,048,444 shares of company stock valued at $18,313,290. 4.81% of the stock is owned by corporate insiders.

Funko Stock Performance

FNKO stock opened at $11.86 on Friday. The firm has a 50 day simple moving average of $10.13 and a 200 day simple moving average of $8.62. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $12.31. The stock has a market cap of $635.68 million, a P/E ratio of -4.73 and a beta of 1.18. 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 (NASDAQ:FNKO) last issued its earnings results 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 net margin of 4.06% and a negative return on equity of 4.69%. The company had revenue of $247.70 million during the quarter, compared to analyst estimates of $231.04 million. During the same quarter last year, the business posted ($0.53) EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Research analysts anticipate that Funko, Inc. will post -0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $12.00 target price on shares of Funko in a report on Friday, August 9th. Stifel Nicolaus lifted their price target on Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, B. Riley upped their price objective on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th.

Funko 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.