Funko (NASDAQ:FNKO) Hits New 12-Month High – Here’s Why

Funko, Inc. (NASDAQ:FNKO)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $14.17 and last traded at $14.02, with a volume of 573052 shares changing hands. The stock had previously closed at $13.99.

Analysts Set New Price Targets

FNKO has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. B. Riley upped their target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 target price on shares of Funko in a research report on Thursday, January 2nd.

Funko Stock Up 4.8 %

The company has a 50-day moving average of $11.83 and a 200-day moving average of $10.96. The company has a market capitalization of $785.26 million, a price-to-earnings ratio of -30.21 and a beta of 1.16. 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 other Funko news, insider Tracy D. Daw sold 14,650 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the sale, the insider now owns 6,362 shares in the company, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael C. Lunsford sold 97,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total value of $1,008,800.00. Following the sale, the director now owns 11,613 shares in the company, valued at approximately $120,775.20. The trade was a 89.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,720 shares of company stock worth $1,576,493. 4.81% of the stock is currently owned by insiders.

Institutional Trading of Funko

Several large investors have recently added to or reduced their stakes in FNKO. Quest Partners LLC purchased a new stake in shares of Funko in the second quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Funko in the second quarter worth about $121,000. Walleye Capital LLC purchased a new stake in shares of Funko in the third quarter worth about $129,000. SG Americas Securities LLC purchased a new stake in shares of Funko in the third quarter worth about $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Funko in the third quarter worth about $196,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Funko Company Profile

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.