Funko (NASDAQ:FNKO) Price Target Raised to $12.00 at Stifel Nicolaus

Funko (NASDAQ:FNKO) had its target price increased by Stifel Nicolaus from $11.00 to $12.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

FNKO has been the topic of a number of other research reports. B. Riley upped their target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. DA Davidson restated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research report on Thursday.

Funko Stock Performance

Shares of FNKO opened at $13.99 on Friday. The company has a 50-day moving average of $11.75 and a two-hundred day moving average of $10.90. The stock has a market cap of $757.64 million, a P/E ratio of -29.15 and a beta of 1.22. Funko has a 12-month low of $5.36 and a 12-month high of $14.07. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Insider Activity at Funko

In other news, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the transaction, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. This represents a 89.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the sale, the insider now directly owns 6,362 shares in the company, valued at $79,843.10. This represents a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Quest Partners LLC acquired a new position in Funko during the second quarter valued at approximately $25,000. Rhumbline Advisers boosted its position in Funko by 9.0% during 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 period. Olympiad Research LP increased its holdings in Funko by 40.3% in the 3rd quarter. Olympiad Research LP now owns 23,532 shares of the company’s stock valued at $288,000 after purchasing an additional 6,756 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in 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 purchased a new position in Funko in the third quarter valued at about $129,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

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.