Jason Harinstein Acquires 15,000 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) Director Jason Harinstein acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were acquired at an average price of $7.09 per share, for a total transaction of $106,350.00. Following the purchase, the director now owns 15,000 shares of the company’s stock, valued at $106,350. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Funko Trading Up 2.1 %

Shares of Funko stock traded up $0.15 during trading on Monday, hitting $7.19. The stock had a trading volume of 1,054,272 shares, compared to its average volume of 648,233. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $389.38 million, a PE ratio of -14.98 and a beta of 0.94. Funko, Inc. has a 1 year low of $5.36 and a 1 year high of $14.65. The stock has a 50 day simple moving average of $12.51 and a 200 day simple moving average of $11.97.

Wall Street Analysts Forecast Growth

FNKO has been the topic of several analyst reports. DA Davidson dropped their price target on shares of Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus boosted their price target on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd.

Institutional Trading of Funko

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Funko by 5,486.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after purchasing an additional 814,357 shares during the last quarter. TBH Global Asset Management LLC bought a new stake in shares of Funko in the 4th quarter valued at approximately $2,748,000. FMR LLC increased its holdings in Funko by 1,541.0% in the third quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after buying an additional 54,136 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Funko during the third quarter valued at approximately $860,000. Finally, Barclays PLC lifted its stake in Funko by 278.5% in the third quarter. Barclays PLC now owns 40,972 shares of the company’s stock valued at $501,000 after acquiring an additional 30,147 shares during the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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.