DA Davidson Lowers Funko (NASDAQ:FNKO) Price Target to $13.00

Funko (NASDAQ:FNKO) had its price target reduced by stock analysts at DA Davidson from $16.00 to $13.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price points to a potential upside of 44.93% from the stock’s previous close.

Separately, Stifel Nicolaus lifted their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd.

Funko Trading Down 13.5 %

Shares of FNKO opened at $8.97 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko has a 12 month low of $5.36 and a 12 month high of $14.65. The stock has a market cap of $485.78 million, a PE ratio of -18.69 and a beta of 0.94. The stock’s 50-day moving average is $13.27 and its two-hundred day moving average is $12.10.

Insider Buying and Selling at Funko

In other Funko news, insider Andrew David Oddie sold 27,712 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the completion of the sale, the insider now owns 20,186 shares in the company, valued at $275,942.62. The trade was a 57.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the transaction, the insider now directly owns 6,362 shares in the company, valued at $79,843.10. This represents a 69.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,079 shares of company stock worth $572,769 in the last ninety days. 4.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Funko

Several hedge funds and other institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. increased its stake in shares of Funko by 19.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company’s stock valued at $32,845,000 after purchasing an additional 404,849 shares during the period. Vanguard Group Inc. lifted its position in Funko by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock worth $26,222,000 after purchasing an additional 50,877 shares during the period. Dimensional Fund Advisors LP boosted its stake in Funko by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company’s stock valued at $20,688,000 after purchasing an additional 234,981 shares in the last quarter. Marshall Wace LLP lifted its holdings in Funko by 384.3% in the 4th quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock valued at $20,653,000 after acquiring an additional 1,223,939 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new stake in Funko during the fourth quarter valued at approximately $13,783,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

About Funko

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.