Funko, Inc. (NASDAQ:FNKO - Get Free Report) Director Jason Harinstein bought 15,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were purchased at an average cost of $7.09 per share, with a total value of $106,350.00. Following the acquisition, the director now directly owns 15,000 shares of the company's stock, valued at approximately $106,350. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Funko Stock Up 2.1 %
FNKO stock opened at $7.19 on Tuesday. The company has a market cap of $389.38 million, a PE ratio of -14.98 and a beta of 0.94. The business has a 50-day simple moving average of $12.51 and a 200 day simple moving average of $11.97. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $14.65. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in Funko in the fourth quarter valued at about $38,000. Quest Partners LLC grew its position in Funko by 160.9% in the third quarter. Quest Partners LLC now owns 6,559 shares of the company's stock valued at $80,000 after acquiring an additional 4,045 shares during the last quarter. Walleye Capital LLC bought a new position in Funko in the third quarter valued at about $129,000. Intech Investment Management LLC bought a new position in Funko in the fourth quarter valued at about $148,000. Finally, Hsbc Holdings PLC bought a new position in Funko in the fourth quarter valued at about $152,000. Institutional investors and hedge funds own 99.15% of the company's stock.
Analysts Set New Price Targets
FNKO has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on Funko from $11.00 to $12.00 and gave the company a "hold" rating in a research note on Friday, January 3rd. DA Davidson dropped their price target on Funko from $16.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, March 7th.
Get Our Latest Research Report on Funko
Funko Company Profile
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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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