Stifel Nicolaus Boosts Funko (NASDAQ:FNKO) Price Target to $12.00

Funko (NASDAQ:FNKO) had its price objective lifted by stock analysts at Stifel Nicolaus from $11.00 to $12.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential downside of 10.45% from the stock’s previous close.

A number of other research firms have also recently weighed in on FNKO. B. Riley boosted their target price on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. DA Davidson reiterated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research note on Thursday.

Funko Trading Up -1.5 %

NASDAQ FNKO opened at $13.40 on Friday. The business’s fifty day moving average is $11.70 and its 200-day moving average is $10.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The stock has a market capitalization of $725.69 million, a price-to-earnings ratio of -27.92 and a beta of 1.22. Funko has a one year low of $5.36 and a one year high of $14.07.

Insiders Place Their Bets

In other news, insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the sale, the insider now directly owns 6,362 shares in the company, valued at $79,843.10. This represents a 69.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the sale, the director now directly owns 11,613 shares in the company, valued at approximately $120,775.20. The trade was a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.81% of the company’s stock.

Institutional Trading of Funko

A number of hedge funds and other institutional investors have recently bought and sold shares of FNKO. Bank of New York Mellon Corp raised its holdings in shares of Funko by 9.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company’s stock valued at $1,111,000 after acquiring an additional 10,034 shares in the last quarter. Rhumbline Advisers increased its position in shares of Funko by 9.0% in the second quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock worth $529,000 after purchasing an additional 4,475 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Funko in the second quarter valued at approximately $388,000. Quest Partners LLC bought a new stake in Funko during the second quarter valued at approximately $25,000. Finally, Chesapeake Capital Corp IL purchased a new position in Funko in the 2nd quarter worth approximately $336,000. 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.