Funko Inc (NASDAQ:FNKO)’s share price was up 8.8% on Wednesday . The company traded as high as $16.26 and last traded at $16.25. Approximately 612,955 shares were traded during trading, an increase of 47% from the average daily volume of 416,443 shares. The stock had previously closed at $14.94.
A number of equities analysts have weighed in on FNKO shares. Jefferies Financial Group set a $23.00 price target on shares of Funko and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Zacks Investment Research raised shares of Funko from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, October 5th. Piper Jaffray Companies set a $24.00 price target on shares of Funko and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, BMO Capital Markets raised their price target on shares of Funko from $10.50 to $12.00 and gave the company a “market perform” rating in a report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Funko has a consensus rating of “Buy” and an average price target of $19.88.
The stock has a market capitalization of $785.95 million, a PE ratio of 53.87, a PEG ratio of 0.98 and a beta of 2.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 1.48.
In other news, President Andrew Mark Perlmutter sold 30,000 shares of the stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $15.02, for a total value of $450,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.39% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its holdings in Funko by 18.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,400 shares of the company’s stock valued at $244,000 after purchasing an additional 3,000 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Funko by 4.4% in the second quarter. BlackRock Inc. now owns 560,360 shares of the company’s stock valued at $7,033,000 after purchasing an additional 23,584 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in Funko during the second quarter worth approximately $138,000. Bank of America Corp DE grew its holdings in Funko by 51.9% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after purchasing an additional 3,348 shares in the last quarter. Finally, PEAK6 Investments L.P. lifted its position in shares of Funko by 187.5% in the 2nd quarter. PEAK6 Investments L.P. now owns 49,036 shares of the company’s stock worth $615,000 after buying an additional 31,982 shares during the last quarter. Institutional investors own 40.35% of the company’s stock.
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About Funko (NASDAQ:FNKO)
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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