DA Davidson Reiterates “Buy” Rating for Funko (NASDAQ:FNKO)

DA Davidson reissued their buy rating on shares of Funko (NASDAQ:FNKO) in a report released on Thursday,Benzinga reports. The brokerage currently has a $16.00 price target on the stock. DA Davidson also issued estimates for Funko’s Q4 2024 earnings at ($0.03) EPS.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. B. Riley upped their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th.

Funko Trading Up 0.3 %

FNKO opened at $10.39 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.59. Funko has a fifty-two week low of $5.36 and a fifty-two week high of $12.61. The company’s 50 day moving average price is $11.65 and its two-hundred day moving average price is $10.07. The firm has a market capitalization of $560.44 million, a price-to-earnings ratio of -21.65 and a beta of 1.21.

Insider Activity

In other Funko news, Director Michael C. Lunsford sold 7,361 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total value of $88,479.22. Following the transaction, the director now directly owns 108,613 shares of the company’s stock, valued at approximately $1,305,528.26. The trade was a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the sale, the insider now directly owns 40,372 shares of the company’s stock, valued at approximately $485,675.16. This trade represents a 21.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,805 shares of company stock valued at $357,861. 4.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FNKO. California State Teachers Retirement System increased its stake in Funko by 4.5% in the first quarter. California State Teachers Retirement System now owns 33,179 shares of the company’s stock valued at $207,000 after purchasing an additional 1,414 shares in the last quarter. BNP Paribas Financial Markets increased its position in Funko by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock valued at $414,000 after buying an additional 2,342 shares in the last quarter. Quest Partners LLC acquired a new position in Funko during the 2nd quarter worth approximately $25,000. Price T Rowe Associates Inc. MD boosted its holdings in Funko by 7.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company’s stock worth $246,000 after acquiring an additional 2,689 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Funko by 9.0% in the second quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock valued at $529,000 after acquiring an additional 4,475 shares during the period. 99.15% of the stock is owned by 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.