Funko’s (FNKO) “Buy” Rating Reiterated at DA Davidson

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

Other analysts have also issued reports about the stock. B. Riley increased their price target on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus raised 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.

Funko Trading Up 0.3 %

Shares of NASDAQ FNKO opened at $10.39 on Thursday. Funko has a 1-year low of $5.36 and a 1-year high of $12.61. The business has a fifty day moving average price of $11.65 and a 200 day moving average price of $10.04. The stock has a market capitalization of $560.44 million, a P/E ratio of -21.65 and a beta of 1.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.59.

Insider Transactions at Funko

In related news, insider Tracy D. Daw sold 10,000 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the transaction, the insider now directly owns 6,362 shares of the company’s stock, valued at $76,344. This represents a 61.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew David Oddie sold 10,800 shares of Funko stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value 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 represents a 21.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,805 shares of company stock worth $357,861. Insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

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