Funko (NASDAQ:FNKO) Hits New 12-Month High – Here’s Why

Funko, Inc. (NASDAQ:FNKO) shares hit a new 52-week high during trading on Thursday . The company traded as high as $13.40 and last traded at $13.05, with a volume of 368255 shares traded. The stock had previously closed at $12.52.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FNKO shares. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Funko in a research note on Thursday, November 14th. Stifel Nicolaus boosted their target price on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Finally, B. Riley raised their price target 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 Stock Up 4.2 %

The firm’s fifty day moving average price is $11.54 and its 200-day moving average price is $10.74. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The firm has a market capitalization of $706.74 million, a P/E ratio of -27.19 and a beta of 1.22.

Insider Buying and Selling

In other Funko news, Director Michael C. Lunsford sold 97,000 shares of Funko stock in a transaction that occurred on 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 transaction, the director now directly owns 11,613 shares in the company, valued at approximately $120,775.20. The trade was a 89.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total value of $183,857.50. Following the completion of the sale, the insider now owns 6,362 shares of the company’s stock, valued at $79,843.10. The trade was a 69.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 119,011 shares of company stock valued at $1,281,137 over the last three months. Company insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its position in Funko by 9.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company’s stock worth $1,111,000 after acquiring an additional 10,034 shares during the period. Rhumbline Advisers boosted its holdings in shares of Funko by 9.0% during the second 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. Los Angeles Capital Management LLC purchased a new position in Funko during the second quarter valued at approximately $388,000. Quest Partners LLC acquired a new position in Funko in the 2nd quarter valued at approximately $25,000. Finally, Chesapeake Capital Corp IL purchased a new stake in Funko in the 2nd quarter worth approximately $336,000. 99.15% of the stock is owned by institutional investors and hedge funds.

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.