Funko (NASDAQ:FNKO) Price Target Raised to $9.00 at Stifel Nicolaus

Funko (NASDAQ:FNKO) had its price target hoisted by Stifel Nicolaus from $8.00 to $9.00 in a report released on Thursday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other research firms have also recently issued reports on FNKO. B. Riley increased their target price on shares of Funko from $10.00 to $11.00 and gave the stock a buy rating in a research note on Friday, May 10th. DA Davidson raised their price objective on shares of Funko from $10.50 to $12.00 and gave the company a buy rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Funko has a consensus rating of Hold and an average price target of $9.50.

Funko Price Performance

NASDAQ FNKO opened at $8.83 on Thursday. Funko has a 1 year low of $5.27 and a 1 year high of $10.53. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. The company’s 50 day simple moving average is $9.37 and its two-hundred day simple moving average is $7.67.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.10. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. The business had revenue of $215.70 million for the quarter, compared to analysts’ expectations of $218.26 million. On average, research analysts anticipate that Funko will post -0.27 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Andrew David Oddie sold 9,603 shares of Funko stock in a transaction on Monday, May 13th. The shares were sold at an average price of $7.42, for a total value of $71,254.26. Following the transaction, the insider now owns 73,781 shares in the company, valued at approximately $547,455.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Andrew David Oddie sold 9,603 shares of Funko stock in a transaction on Monday, May 13th. The shares were sold at an average price of $7.42, for a total value of $71,254.26. Following the transaction, the insider now owns 73,781 shares in the company, valued at approximately $547,455.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tracy D. Daw sold 20,000 shares of Funko stock in a transaction on Monday, July 1st. The stock was sold at an average price of $9.33, for a total transaction of $186,600.00. Following the completion of the transaction, the insider now owns 16,362 shares in the company, valued at approximately $152,657.46. The disclosure for this sale can be found here. Insiders have sold a total of 2,068,150 shares of company stock worth $18,417,009 in the last 90 days. 4.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Funko

A number of large investors have recently added to or reduced their stakes in FNKO. Quarry LP bought a new stake in Funko in the 4th quarter worth $34,000. Tower Research Capital LLC TRC grew its holdings in Funko by 145.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock worth $63,000 after acquiring an additional 4,861 shares during the last quarter. Paloma Partners Management Co bought a new stake in Funko in the 1st quarter worth $67,000. EntryPoint Capital LLC bought a new stake in Funko in the 1st quarter worth $73,000. Finally, RPO LLC bought a new stake in Funko in the 4th quarter worth $86,000. Institutional investors 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.