Funko (NASDAQ:FNKO) Given New $13.00 Price Target at DA Davidson

Funko (NASDAQ:FNKO) had its price target cut by DA Davidson from $16.00 to $13.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Stifel Nicolaus boosted their price objective 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 NASDAQ:FNKO opened at $8.97 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $13.27 and its 200 day moving average price is $12.08. The company has a market cap of $485.78 million, a PE ratio of -18.69 and a beta of 0.94. Funko has a fifty-two week low of $5.36 and a fifty-two week high of $14.65.

Insider Activity at Funko

In other Funko news, insider Andrew David Oddie sold 27,712 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total value of $378,823.04. Following the completion of the sale, the insider now directly owns 20,186 shares in the company, valued at $275,942.62. This represents a 57.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of the stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total value of $183,857.50. Following the transaction, the insider now directly owns 6,362 shares of the company’s stock, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,079 shares of company stock worth $572,769 in the last 90 days. Corporate insiders own 4.81% of the company’s stock.

Institutional Trading of Funko

Several institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Funko by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,783 shares of the company’s stock worth $238,000 after acquiring an additional 828 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Funko by 1.9% in the 4th quarter. Rhumbline Advisers now owns 50,050 shares of the company’s stock worth $670,000 after purchasing an additional 951 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Funko by 6.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,181 shares of the company’s stock worth $552,000 after purchasing an additional 2,413 shares in the last quarter. Invesco Ltd. lifted its stake in Funko by 1.8% during the fourth quarter. Invesco Ltd. now owns 150,771 shares of the company’s stock valued at $2,019,000 after purchasing an additional 2,668 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new stake in Funko during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds 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.