Dynamic Technology Lab Private Ltd bought a new stake in Funko, Inc. (NASDAQ:FNKO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 61,673 shares of the company’s stock, valued at approximately $477,000. Dynamic Technology Lab Private Ltd owned approximately 0.12% of Funko as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Parcion Private Wealth LLC lifted its position in Funko by 698.4% in the 4th quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company’s stock worth $9,842,000 after buying an additional 1,113,788 shares during the last quarter. Trexquant Investment LP purchased a new stake in Funko during the third quarter valued at about $412,000. Jump Financial LLC purchased a new stake in Funko during the third quarter valued at about $883,000. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Funko by 76.6% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 34,695 shares of the company’s stock valued at $266,000 after buying an additional 15,048 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Funko by 1,188.1% in the third quarter. Assenagon Asset Management S.A. now owns 1,307,647 shares of the company’s stock worth $10,004,000 after buying an additional 1,206,130 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.
Funko Trading Up 1.7 %
Shares of Funko stock opened at $8.37 on Friday. The business has a 50-day moving average price of $6.59 and a 200-day moving average price of $6.92. Funko, Inc. has a twelve month low of $5.27 and a twelve month high of $13.42. The firm has a market cap of $448.63 million, a price-to-earnings ratio of -3.33 and a beta of 1.05. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 0.54.
Funko (NASDAQ:FNKO – Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.10. The business had revenue of $215.70 million during the quarter, compared to the consensus estimate of $218.26 million. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. Equities research analysts anticipate that Funko, Inc. will post -0.27 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CFO Pendeven Yves Le sold 4,134 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $6.10, for a total transaction of $25,217.40. Following the transaction, the chief financial officer now owns 27,983 shares in the company, valued at $170,696.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Pendeven Yves Le sold 4,134 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $6.10, for a total value of $25,217.40. Following the sale, the chief financial officer now owns 27,983 shares in the company, valued at $170,696.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew David Oddie sold 9,603 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $7.42, for a total transaction of $71,254.26. Following the transaction, the insider now owns 73,781 shares of the company’s stock, valued at $547,455.02. The disclosure for this sale can be found here. Insiders sold 44,575 shares of company stock worth $294,739 in the last three months. 4.81% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. B. Riley upped their target price on Funko from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, May 10th. DA Davidson reaffirmed a “buy” rating and set a $10.50 target price on shares of Funko in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.08.
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About Funko
(Free Report)
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.
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