Funko, Inc. (NASDAQ:FNKO) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL reduced its stake in Funko, Inc. (NASDAQ:FNKO) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,000 shares of the company’s stock after selling 1,400 shares during the period. Chesapeake Capital Corp IL’s holdings in Funko were worth $391,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Quest Partners LLC acquired a new stake in Funko in the second quarter valued at $25,000. Paloma Partners Management Co acquired a new stake in shares of Funko during the first quarter worth about $67,000. SG Americas Securities LLC acquired a new stake in shares of Funko during the third quarter worth about $136,000. EntryPoint Capital LLC acquired a new stake in shares of Funko during the first quarter worth about $73,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Funko during the second quarter worth about $121,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on FNKO. Stifel Nicolaus lifted their target price on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. B. Riley lifted their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Finally, DA Davidson reiterated a “buy” rating and set a $16.00 target price on shares of Funko in a research report on Thursday.

Funko Stock Performance

NASDAQ FNKO opened at $10.39 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $12.61. The business’s 50-day moving average price is $11.65 and its 200 day moving average price is $10.07. The firm has a market cap of $560.44 million, a P/E ratio of -21.65 and a beta of 1.21.

Insider Buying and Selling

In other Funko news, insider Tracy D. Daw sold 10,000 shares of Funko stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the sale, the insider now owns 6,362 shares of the company’s stock, valued at approximately $76,344. The trade was a 61.12 % decrease in their position. The sale 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 7,361 shares of Funko stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the sale, the director now directly owns 108,613 shares in the company, valued at $1,305,528.26. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,805 shares of company stock valued at $357,861 over the last quarter. 4.81% of the stock is currently owned by insiders.

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.