Funko (NASDAQ:FNKO) Price Target Cut to $13.00 by Analysts at DA Davidson

Funko (NASDAQ:FNKO) had its price objective reduced by DA Davidson from $16.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Separately, Stifel Nicolaus raised their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd.

Funko Stock Down 13.5 %

Shares of NASDAQ:FNKO opened at $8.97 on Friday. The firm has a 50 day simple moving average of $13.27 and a 200 day simple moving average of $12.08. Funko has a 52 week low of $5.36 and a 52 week high of $14.65. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. The company has a market cap of $485.78 million, a PE ratio of -18.69 and a beta of 0.94.

Insider Transactions at Funko

In other Funko news, insider Andrew David Oddie sold 27,712 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total value of $378,823.04. Following the transaction, the insider now owns 20,186 shares in the company, valued at $275,942.62. The trade was a 57.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the completion of the transaction, the insider now directly owns 6,362 shares in the company, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,079 shares of company stock valued at $572,769. 4.81% of the stock is owned by insiders.

Institutional Trading of Funko

Institutional investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new position in shares of Funko during the 4th quarter worth $38,000. Quest Partners LLC boosted its holdings in Funko by 160.9% in the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after purchasing an additional 4,045 shares in the last quarter. Walleye Capital LLC acquired a new position in Funko during the third quarter worth $129,000. Intech Investment Management LLC bought a new position in Funko during the fourth quarter valued at about $148,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Funko in the fourth quarter worth about $152,000. 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.