Other equities analysts also recently issued reports about the stock. BMO Capital Markets raised their price target on shares of Funko from $21.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Zacks Investment Research raised shares of Funko from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a research note on Thursday, August 15th. Stifel Nicolaus raised their price target on shares of Funko from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. DA Davidson set a $32.00 price target on shares of Funko and gave the stock a “buy” rating in a research note on Monday, September 23rd. Finally, Bank of America raised their price target on shares of Funko from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $27.78.
Shares of NASDAQ:FNKO traded up $0.32 during midday trading on Thursday, hitting $19.87. The company’s stock had a trading volume of 436,638 shares, compared to its average volume of 741,501. The business’s 50 day simple moving average is $22.50 and its 200 day simple moving average is $22.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.89. The company has a market cap of $976.19 million, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 0.93 and a beta of 2.07. Funko has a 12-month low of $11.22 and a 12-month high of $27.89.
In other Funko news, CEO Brian Richard Mariotti sold 400,000 shares of Funko stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.42, for a total transaction of $10,168,000.00. Also, President Andrew Mark Perlmutter sold 56,250 shares of Funko stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $20.61, for a total transaction of $1,159,312.50. Insiders have sold 5,324,156 shares of company stock worth $132,979,091 over the last ninety days. 16.26% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc purchased a new position in Funko during the second quarter worth about $31,000. Bank of Montreal Can raised its stake in Funko by 7,766.7% during the second quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock worth $34,000 after purchasing an additional 1,398 shares during the period. Freestone Capital Holdings LLC purchased a new position in Funko during the second quarter worth about $7,293,000. Cubist Systematic Strategies LLC raised its stake in Funko by 4.9% during the second quarter. Cubist Systematic Strategies LLC now owns 37,994 shares of the company’s stock worth $920,000 after purchasing an additional 1,784 shares during the period. Finally, First Trust Advisors LP raised its stake in Funko by 11.8% during the first quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after purchasing an additional 2,211 shares during the period. 50.69% of the stock is currently owned by institutional investors.
Funko Company Profile
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.
See Also: Price to Earnings Ratio (PE) Basics
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