Funko, Inc. (NASDAQ:FNKO - Get Free Report) Director Michael C. Lunsford sold 97,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total transaction 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 trade represents a 89.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Funko Price Performance
Shares of NASDAQ:FNKO opened at $10.38 on Wednesday. The business has a fifty day simple moving average of $11.65 and a 200-day simple moving average of $10.13. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $12.61. The company has a market cap of $562.18 million, a P/E ratio of -21.40 and a beta of 1.21. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on FNKO. B. Riley lifted their price objective on Funko from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th. DA Davidson reiterated a "buy" rating and set a $16.00 price objective on shares of Funko in a research report on Thursday, November 14th. Finally, Stifel Nicolaus raised their price target on shares of Funko from $9.00 to $10.50 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd.
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View Our Latest Research Report on FNKO
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA grew its stake in shares of Funko by 21.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company's stock valued at $34,609,000 after buying an additional 619,114 shares during the period. Marshall Wace LLP boosted its holdings in 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 acquiring an additional 654,359 shares during the last quarter. Geode Capital Management LLC grew its position in Funko by 1.6% during the third 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. Assenagon Asset Management S.A. acquired a new stake in Funko during the second quarter worth about $6,996,000. Finally, American Century Companies Inc. raised its holdings in shares of Funko by 81.1% in the 2nd 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 during the period. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
Funko Company Profile
(
Get Free Report)
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.
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