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

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

Several other equities analysts also recently weighed in on FNKO. Stifel Nicolaus raised their target price on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, October 22nd. B. Riley raised 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.

Funko Stock Performance

Shares of FNKO stock traded up $0.01 during mid-day trading on Thursday, reaching $10.37. The stock had a trading volume of 136,450 shares, 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 12-month low of $5.36 and a 12-month high of $12.61. The business has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $10.01.

Insider Buying and Selling

In other news, insider Andrew David Oddie sold 10,800 shares of Funko stock in a transaction on Monday, September 23rd. The stock was 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 of the company’s stock, valued at $485,675.16. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Lunsford sold 7,361 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total value of $88,479.22. Following the transaction, the director now owns 108,613 shares in the company, valued at $1,305,528.26. This trade represents a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,805 shares of company stock worth $357,861. 4.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Funko

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

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.