19,453 Shares in Funko, Inc. (NASDAQ:FNKO) Acquired by Franklin Resources Inc.

Franklin Resources Inc. purchased a new stake in Funko, Inc. (NASDAQ:FNKO) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 19,453 shares of the company’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quest Partners LLC purchased a new position in shares of Funko in the 2nd quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Funko in the second quarter valued at $121,000. Walleye Capital LLC purchased a new position in shares of Funko during the third quarter worth about $129,000. SG Americas Securities LLC acquired a new stake in shares of Funko during the third quarter worth about $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Funko in the 3rd quarter valued at about $196,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Stock Performance

NASDAQ FNKO opened at $13.39 on Thursday. The firm has a market cap of $725.15 million, a P/E ratio of -27.90 and a beta of 1.22. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $13.89. The business’s 50-day moving average price is $11.67 and its 200 day moving average price is $10.85. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Insiders Place Their Bets

In other news, insider Tracy D. Daw sold 14,650 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $79,843.10. This represents a 69.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $10.40, for a total value of $1,008,800.00. Following the completion of the transaction, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. The trade was a 89.31 % decrease in their position. The disclosure for this sale can be found here. 4.81% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Funko in a research report on Thursday, November 14th. Finally, B. Riley lifted their target price on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, September 12th.

Funko 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.