Funko, Inc. (NASDAQ:FNKO) Director Sells $1,008,800.00 in Stock

Funko, Inc. (NASDAQ:FNKO) Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $10.40, for a total value of $1,008,800.00. Following the completion of the transaction, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. The trade was a 89.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Funko Price Performance

Shares of FNKO traded up $0.07 during mid-day trading on Tuesday, reaching $10.38. 404,084 shares of the company’s stock were exchanged, compared to its average volume of 527,532. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $12.61. The company has a market cap of $562.18 million, a price-to-earnings ratio of -21.40 and a beta of 1.21. The company has a 50-day simple moving average of $11.65 and a two-hundred day simple moving average of $10.13.

Hedge Funds Weigh In On Funko

A number of institutional investors have recently made changes to their positions in FNKO. Barclays PLC lifted its holdings in Funko by 278.5% in the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock valued at $501,000 after purchasing an additional 30,147 shares in the last quarter. Geode Capital Management LLC grew its stake in Funko by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after acquiring an additional 13,002 shares during the period. XTX Topco Ltd raised its holdings in Funko by 203.4% in the 3rd quarter. XTX Topco Ltd now owns 35,560 shares of the company’s stock valued at $435,000 after acquiring an additional 23,840 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Funko by 50.0% during the 3rd quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock worth $1,196,000 after purchasing an additional 32,598 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Funko during the third quarter worth about $287,000. 99.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their target price on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. DA Davidson reaffirmed a “buy” rating and set a $16.00 price objective on shares of Funko in a report on Thursday, November 14th. Finally, 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.

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.