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

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

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

Funko Trading Up 4.8 %

Funko stock opened at $9.25 on Thursday. The firm has a market cap of $495.80 million, a PE ratio of -3.69 and a beta of 1.18. Funko has a 12 month low of $5.27 and a 12 month high of $10.53. The stock’s 50 day simple moving average is $9.39 and its two-hundred day simple moving average is $7.69. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.10. The company had revenue of $215.70 million during the quarter, compared to analysts’ expectations of $218.26 million. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. Analysts anticipate that Funko will post -0.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Andrew David Oddie sold 16,719 shares of Funko stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $10.09, for a total transaction of $168,694.71. Following the transaction, the insider now owns 40,372 shares in the company, valued at approximately $407,353.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Andrew David Oddie sold 16,719 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $10.09, for a total transaction of $168,694.71. Following the completion of the sale, the insider now directly owns 40,372 shares in the company, valued at $407,353.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $8.90, for a total transaction of $17,800,000.00. Following the completion of the sale, the insider now directly owns 5,129,838 shares of the company’s stock, valued at approximately $45,655,558.20. The disclosure for this sale can be found here. Insiders have sold 2,068,150 shares of company stock valued at $18,417,009 in the last ninety days. 4.81% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Funko

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in shares of Funko in the 4th quarter worth approximately $34,000. Tower Research Capital LLC TRC increased its stake in Funko by 145.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock worth $63,000 after buying an additional 4,861 shares during the period. Paloma Partners Management Co acquired a new position in shares of Funko during the first quarter worth about $67,000. RPO LLC purchased a new position in Funko in the fourth quarter worth approximately $86,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Funko in the 1st quarter valued at approximately $73,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.