Funko (NASDAQ:FNKO) had its price target raised by Stifel Nicolaus from $27.00 to $28.00 in a research report report published on Monday, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.
FNKO has been the topic of several other reports. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Monday, May 6th. DA Davidson began coverage on shares of Funko in a report on Thursday, June 20th. They set a buy rating and a $29.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $26.50.
Shares of Funko stock opened at $23.97 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.31 and a debt-to-equity ratio of 0.72. Funko has a 1 year low of $11.22 and a 1 year high of $31.12. The business’s 50-day simple moving average is $22.16. The company has a market cap of $1.15 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.34 and a beta of 2.10.
In other news, major shareholder Fundamental Capital Partners, sold 269,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $21.15, for a total value of $5,699,925.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tracy D. Daw sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $20.13, for a total transaction of $201,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 522,018 shares of company stock worth $10,678,183 and sold 837,932 shares worth $19,209,696. 16.26% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in FNKO. Rhumbline Advisers raised its position in Funko by 50.2% during the fourth quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock valued at $178,000 after purchasing an additional 4,539 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Funko by 24.7% during the fourth quarter. First Trust Advisors LP now owns 18,725 shares of the company’s stock worth $246,000 after buying an additional 3,705 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Funko by 54.9% during the fourth quarter. Bank of New York Mellon Corp now owns 47,884 shares of the company’s stock worth $630,000 after buying an additional 16,964 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Funko by 152.7% during the fourth quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock worth $96,000 after buying an additional 4,402 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Funko by 27.1% during the fourth quarter. GSA Capital Partners LLP now owns 20,706 shares of the company’s stock worth $272,000 after buying an additional 4,416 shares in the last quarter. Institutional investors and hedge funds own 45.92% of the company’s stock.
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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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