Funko, Inc. (NASDAQ:FNKO) Director Jason Harinstein Purchases 15,000 Shares

Funko, Inc. (NASDAQ:FNKO) Director Jason Harinstein purchased 15,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were acquired at an average cost of $7.09 per share, with a total value of $106,350.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at approximately $106,350. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Funko Price Performance

NASDAQ:FNKO opened at $7.19 on Tuesday. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $14.65. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $12.51 and a 200 day simple moving average of $11.97. The stock has a market capitalization of $389.38 million, a PE ratio of -14.98 and a beta of 0.94.

Hedge Funds Weigh In On Funko

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. grew its stake in shares of Funko by 19.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company’s stock valued at $32,845,000 after buying an additional 404,849 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Funko by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock valued at $26,222,000 after purchasing an additional 50,877 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Funko by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company’s stock valued at $20,688,000 after purchasing an additional 234,981 shares during the last quarter. Marshall Wace LLP lifted its holdings in Funko by 384.3% during the 4th quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock valued at $20,653,000 after purchasing an additional 1,223,939 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new stake in Funko during the 4th quarter valued at $13,783,000. 99.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. DA Davidson decreased their price target on shares of Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Stifel Nicolaus raised their target price on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, January 3rd.

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.