Funko Inc (NASDAQ:FNKO) major shareholder Fundamental Capital Partners, sold 334,412 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $19.84, for a total value of $6,634,734.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Fundamental Capital Partners, also recently made the following trade(s):
- On Monday, March 4th, Fundamental Capital Partners, sold 248,865 shares of Funko stock. The stock was sold at an average price of $21.57, for a total value of $5,368,018.05.
Shares of Funko stock opened at $21.10 on Friday. The company has a market cap of $987.23 million, a PE ratio of 31.03, a P/E/G ratio of 1.25 and a beta of 2.76. Funko Inc has a 1-year low of $7.42 and a 1-year high of $31.12. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.26 and a current ratio of 1.89.
FNKO has been the subject of several research reports. Stifel Nicolaus boosted their price objective on Funko from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. They noted that the move was a valuation call. Jefferies Financial Group set a $23.00 price objective on Funko and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Piper Jaffray Companies set a $24.00 target price on Funko and gave the stock a “buy” rating in a report on Wednesday, November 21st. SunTrust Banks boosted their target price on Funko to $26.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded Funko from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, January 24th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $23.00.
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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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