Funko (NASDAQ:FNKO) Reaches New 12-Month High – Should You Buy?

Shares of Funko, Inc. (NASDAQ:FNKO) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $12.63 and last traded at $12.58, with a volume of 437490 shares. The stock had previously closed at $11.64.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. B. Riley increased their price target on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus lifted their price target on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson restated a “buy” rating and issued a $16.00 price objective on shares of Funko in a research report on Thursday, November 14th.

Funko Stock Up 8.1 %

The firm’s fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $10.65. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $681.28 million, a price-to-earnings ratio of -26.21 and a beta of 1.22.

Insiders Place Their Bets

In other Funko news, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction that occurred on 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 directly owns 11,613 shares of the company’s stock, valued at approximately $120,775.20. This represents a 89.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the sale, the insider now owns 40,372 shares in the company, valued at approximately $485,675.16. This represents a 21.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,161 shares of company stock valued at $1,227,203 over the last 90 days. 4.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Funko

Several large investors have recently modified their holdings of FNKO. Massachusetts Financial Services Co. MA increased its holdings in shares of Funko by 21.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after purchasing an additional 619,114 shares during the period. Marshall Wace LLP lifted its stake in shares of Funko by 160.1% in the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares during the period. Geode Capital Management LLC lifted its position in shares of Funko by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock valued at $9,873,000 after acquiring an additional 13,002 shares during the period. American Century Companies Inc. boosted its position in Funko by 81.1% during the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after purchasing an additional 112,007 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Funko in the 2nd quarter valued at about $1,138,000. 99.15% of the stock is 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.