Funko (NASDAQ:FNKO) Given “Buy” Rating at DA Davidson

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

A number of other research firms have also recently weighed in on FNKO. Stifel Nicolaus raised their price objective on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. B. Riley increased their target price 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.

Funko Stock Performance

Shares of NASDAQ:FNKO traded up $0.01 on Thursday, hitting $10.37. 136,450 shares of the company’s stock were exchanged, compared to its average volume of 525,899. The company has a current ratio of 0.96, a quick ratio of 0.59 and a debt-to-equity ratio of 0.44. Funko has a 1-year low of $5.36 and a 1-year high of $12.61. The firm’s 50-day moving average is $11.62 and its 200 day moving average is $10.01.

Insiders Place Their Bets

In other Funko news, Director Michael C. Lunsford sold 7,361 shares of Funko stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $1,305,528.26. The trade was a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tracy D. Daw sold 10,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $76,344. This represents a 61.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,805 shares of company stock valued at $357,861 over the last quarter. Company insiders own 4.81% of the company’s stock.

Institutional Investors Weigh In On Funko

A number of institutional investors have recently added to or reduced their stakes in FNKO. Quest Partners LLC purchased a new position in shares of Funko during the 2nd quarter worth approximately $25,000. Paloma Partners Management Co acquired a new stake in Funko in the first quarter valued at $67,000. EntryPoint Capital LLC acquired a new stake in Funko in the first quarter valued at $73,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Funko during the 2nd quarter worth $121,000. Finally, Walleye Capital LLC purchased a new position in shares of Funko in the 3rd quarter valued at about $129,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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.