Stifel Nicolaus Boosts Funko (NASDAQ:FNKO) Price Target to $10.50

Funko (NASDAQ:FNKO) had its target price lifted by Stifel Nicolaus from $9.00 to $10.50 in a research note released on Tuesday, Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts also recently issued reports about the company. B. Riley upped their target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, September 12th. DA Davidson reiterated a “buy” rating and issued a $12.00 target price on shares of Funko in a report on Friday, August 9th.

Funko Stock Performance

Shares of FNKO opened at $11.89 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.59. The firm’s 50 day moving average is $11.31 and its 200-day moving average is $9.44. Funko has a 12-month low of $5.36 and a 12-month high of $12.61. The stock has a market capitalization of $637.29 million, a P/E ratio of -4.74 and a beta of 1.20.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.25. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The firm had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $231.04 million. During the same period last year, the firm posted ($0.53) earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Funko will post -0.21 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael C. Lunsford sold 5,900 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $9.55, for a total transaction of $56,345.00. Following the transaction, the director now directly owns 98,974 shares of the company’s stock, valued at approximately $945,201.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Funko news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the sale, the insider now owns 40,372 shares in the company, valued at $485,675.16. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael C. Lunsford sold 5,900 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the transaction, the director now owns 98,974 shares in the company, valued at approximately $945,201.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,805 shares of company stock worth $415,169. 4.81% of the stock is owned by corporate insiders.

Institutional Trading of Funko

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in Funko by 21.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after purchasing an additional 619,114 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Funko by 160.1% during the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after buying an additional 654,359 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Funko in the 2nd quarter valued at approximately $6,996,000. American Century Companies Inc. increased its holdings in Funko by 81.1% in the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after buying an additional 112,007 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Funko in the second quarter worth approximately $1,138,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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.