Funko (NASDAQ:FNKO) Stock Price Up 4.7% – Time to Buy?

Funko, Inc. (NASDAQ:FNKO) shares rose 4.7% on Thursday . The company traded as high as $12.46 and last traded at $12.42. Approximately 1,627,081 shares traded hands during mid-day trading, an increase of 198% from the average daily volume of 546,411 shares. The stock had previously closed at $11.86.

Wall Street Analyst Weigh In

FNKO has been the topic of a number of research analyst reports. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Funko in a research note on Thursday, November 14th. B. Riley boosted their target price on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus boosted their target price on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research note on Tuesday, October 22nd.

Funko Stock Up 4.6 %

The company has a market capitalization of $671.58 million, a PE ratio of -24.71 and a beta of 1.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. The stock’s 50 day moving average is $11.57 and its 200 day moving average is $10.54.

Insider Buying and Selling

In other news, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction 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 transaction, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. This represents a 89.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the transaction, the insider now directly owns 40,372 shares in the company, valued at $485,675.16. The trade was a 21.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,805 shares of company stock valued at $1,366,661. Company insiders own 4.81% of the company’s stock.

Hedge Funds Weigh In On Funko

Institutional investors have recently made changes to their positions in the stock. Quest Partners LLC bought a new position in shares of Funko in the 2nd quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Funko during the 2nd quarter valued at $121,000. Walleye Capital LLC bought a new position in shares of Funko during the 3rd quarter valued at $129,000. SG Americas Securities LLC bought a new position in shares of Funko during the 3rd quarter valued at $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Funko during the 3rd quarter valued at $196,000. Institutional investors own 99.15% of the company’s stock.

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.