Insider Buying: Funko, Inc. (NASDAQ:FNKO) Director Purchases 15,000 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) Director Jason Harinstein acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were bought at an average cost of $7.09 per share, for a total transaction of $106,350.00. Following the acquisition, the director now owns 15,000 shares of the company’s stock, valued at $106,350. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Funko Trading Up 2.1 %

Shares of NASDAQ FNKO traded up $0.15 during midday trading on Monday, hitting $7.19. The stock had a trading volume of 1,054,272 shares, compared to its average volume of 648,233. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $14.65. The company has a market capitalization of $389.38 million, a price-to-earnings ratio of -14.98 and a beta of 0.94. The company has a fifty day moving average price of $12.51 and a 200 day moving average price of $11.97.

Institutional Trading of Funko

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Funko by 5,486.5% in the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after purchasing an additional 814,357 shares during the last quarter. TBH Global Asset Management LLC purchased a new position in shares of Funko during the 4th quarter valued at approximately $2,748,000. FMR LLC grew its position in shares of Funko by 1,541.0% during the third quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after buying an additional 54,136 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Funko in the third quarter worth $860,000. Finally, Barclays PLC raised its holdings in Funko by 278.5% in the third quarter. Barclays PLC now owns 40,972 shares of the company’s stock valued at $501,000 after acquiring an additional 30,147 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FNKO. Stifel Nicolaus raised their price objective on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. DA Davidson reduced their price objective on Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

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.