Stifel Nicolaus Raises Funko (NASDAQ:FNKO) Price Target to $10.50

Funko (NASDAQ:FNKO) had its target price boosted by analysts at Stifel Nicolaus from $9.00 to $10.50 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 12.13% from the stock’s previous close.

Several other brokerages also recently weighed in on FNKO. DA Davidson reaffirmed a “buy” rating and issued a $12.00 target price on shares of Funko in a report on Friday, August 9th. B. Riley boosted their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th.

Funko Stock Performance

Shares of FNKO stock opened at $11.95 on Tuesday. Funko has a 52-week low of $5.36 and a 52-week high of $12.61. The stock’s 50-day moving average price is $11.26 and its 200 day moving average price is $9.42. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $640.51 million, a PE ratio of -4.76 and a beta of 1.20.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 business had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $231.04 million. During the same quarter in the prior year, the business earned ($0.53) earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that Funko will post -0.21 EPS for the current year.

Insider Activity at Funko

In other Funko news, Director Michael C. Lunsford sold 5,900 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the transaction, the director now directly owns 98,974 shares in the company, valued at approximately $945,201.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $12.00, for a total value of $120,000.00. Following the sale, the insider now directly owns 6,362 shares in the company, valued at $76,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael C. Lunsford sold 5,900 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the transaction, the director now owns 98,974 shares of the company’s stock, valued at $945,201.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,805 shares of company stock worth $415,169 over the last 90 days. Company insiders own 4.81% of the company’s stock.

Institutional Trading of Funko

Several large investors have recently modified their holdings of FNKO. Quest Partners LLC purchased a new stake in Funko in the 2nd quarter valued at approximately $25,000. Paloma Partners Management Co acquired a new stake in shares of Funko during the first quarter valued at $67,000. SG Americas Securities LLC purchased a new stake in Funko during the 3rd quarter worth about $136,000. EntryPoint Capital LLC acquired a new position in Funko in the 1st quarter valued at about $73,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Funko in the 2nd quarter valued at about $121,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.