Funko, Inc. $FNKO Shares Purchased by State of Wyoming

State of Wyoming lifted its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 665.8% during the third quarter, HoldingsChannel reports. The firm owned 96,851 shares of the company’s stock after purchasing an additional 84,204 shares during the quarter. State of Wyoming’s holdings in Funko were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in Funko by 2,249.0% in the first quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock valued at $815,000 after acquiring an additional 247,588 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Funko by 10.3% during the 1st quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock worth $704,000 after purchasing an additional 20,882 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Funko during the 2nd quarter worth approximately $648,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Funko during the 2nd quarter worth approximately $494,000. Finally, SEB Asset Management AB bought a new stake in shares of Funko in the 1st quarter worth approximately $235,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on FNKO shares. DA Davidson increased their price objective on Funko from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seaport Research Partners assumed coverage on Funko in a research report on Monday, August 24th. They set a “buy” rating and a $8.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research report on Thursday, October 15th. The Goldman Sachs Group reiterated a “neutral” rating and set a $6.75 price target on shares of Funko in a research note on Monday, August 10th. Finally, Zacks Research raised Funko to a “hold” rating in a report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $7.08.

Insider Buying and Selling

In other news, Director Charles Denson bought 72,992 shares of the stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $6.85 per share, for a total transaction of $499,995.20. Following the purchase, the director directly owned 269,084 shares of the company’s stock, valued at $1,843,225.40. This trade represents a 37.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pendeven Le sold 35,907 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $6.51, for a total transaction of $233,754.57. Following the completion of the sale, the chief financial officer owned 35,907 shares in the company, valued at $233,754.57. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 228,662 shares of company stock valued at $1,363,086. Company insiders own 3.88% of the company’s stock.

Funko Stock Performance

NASDAQ FNKO opened at $6.41 on Tuesday. The firm has a market cap of $358.51 million, a P/E ratio of -160.21 and a beta of 0.95. The company has a quick ratio of 0.79, a current ratio of 1.16 and a debt-to-equity ratio of 0.97. The company’s 50 day moving average is $6.11 and its 200-day moving average is $5.13. Funko, Inc. has a 12-month low of $2.72 and a 12-month high of $7.35.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.47. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%. The business had revenue of $207.72 million for the quarter, compared to analysts’ expectations of $200.96 million. Sell-side analysts predict that Funko, Inc. will post 0.34 earnings per share for the current year.

Funko Company Profile

Funko, Inc is a consumer products company that designs, sources and sells licensed and original pop-culture collectibles and merchandise. Its best-known product is the Pop! vinyl figure, which features characters from movies, television, video games, sports and other entertainment properties. The company also offers plush products, action figures, accessories, apparel, home goods and games.

Funko’s portfolio includes brands such as Pop!, Loungefly and Mondo. Loungefly focuses on licensed bags, wallets, accessories and other lifestyle products, while Mondo is known for premium collectibles, posters, apparel and related merchandise.