Funko (NASDAQ:FNKO) Sets New 1-Year High – Time to Buy?

Funko, Inc. (NASDAQ:FNKO) shares reached a new 52-week high during trading on Friday . The stock traded as high as $12.63 and last traded at $12.58, with a volume of 437490 shares trading hands. The stock had previously closed at $11.64.

Analyst Ratings Changes

FNKO has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price target on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. DA Davidson reaffirmed a “buy” rating and set a $16.00 price target on shares of Funko in a research note on Thursday, November 14th. Finally, B. Riley raised their price objective 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.

Funko Price Performance

The company has a 50 day moving average price of $11.51 and a 200 day moving average price of $10.68. The firm has a market cap of $676.41 million, a PE ratio of -26.02 and a beta of 1.22. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Insider Buying and Selling at Funko

In related news, insider Tracy D. Daw sold 14,650 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $12.55, for a total value of $183,857.50. Following the sale, the insider now directly owns 6,362 shares in the company, valued at $79,843.10. The trade was a 69.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael C. Lunsford sold 7,361 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total transaction of $88,479.22. Following the completion of the sale, the director now directly owns 108,613 shares in the company, valued at approximately $1,305,528.26. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,811 shares of company stock valued at $1,411,061. Insiders own 4.81% of the company’s stock.

Institutional Investors Weigh In On Funko

A number of institutional investors and hedge funds have recently bought and sold shares of FNKO. Marshall Wace LLP increased its position in Funko by 160.1% during the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock worth $10,375,000 after buying an additional 654,359 shares in the last quarter. 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. Renaissance Technologies LLC purchased a new stake in Funko during the 2nd quarter worth about $1,138,000. American Century Companies Inc. raised its stake in Funko by 81.1% in the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after purchasing an additional 112,007 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Funko in the 3rd quarter valued at about $860,000. Hedge funds and other 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.