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

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

Several other analysts have also recently weighed in on FNKO. B. Riley lifted their price objective on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Stifel Nicolaus lifted their price target on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd.

Funko Stock Up 0.3 %

FNKO stock opened at $10.39 on Thursday. Funko has a fifty-two week low of $5.36 and a fifty-two week high of $12.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.59. The stock has a market capitalization of $560.44 million, a price-to-earnings ratio of -21.65 and a beta of 1.21. The business’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $10.07.

Insider Buying and Selling

In other news, insider Andrew David Oddie sold 10,800 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the sale, the insider now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael C. Lunsford sold 7,361 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total transaction of $88,479.22. Following the sale, the director now owns 108,613 shares in the company, valued at $1,305,528.26. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,805 shares of company stock valued at $357,861 over the last quarter. 4.81% of the stock is owned by company insiders.

Institutional Trading of Funko

Several institutional investors and hedge funds have recently modified their holdings of the business. Quest Partners LLC acquired a new position in Funko during the second quarter worth about $25,000. Paloma Partners Management Co acquired a new position in Funko during the 1st quarter worth approximately $67,000. EntryPoint Capital LLC acquired a new position in Funko during the 1st quarter worth approximately $73,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Funko in the 2nd quarter valued at approximately $121,000. Finally, Walleye Capital LLC acquired a new stake in Funko in the third quarter valued at approximately $129,000. 99.15% of the stock is currently owned by institutional investors.

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.