Lazard Asset Management LLC increased its stake in shares of Funko, Inc. (NASDAQ:FNKO – Get Rating) by 106.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,583 shares of the company’s stock after purchasing an additional 4,429 shares during the period. Lazard Asset Management LLC’s holdings in Funko were worth $191,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Amalgamated Bank acquired a new position in shares of Funko during the 1st quarter worth approximately $75,000. Russell Investments Group Ltd. raised its position in shares of Funko by 8,667.1% during the 1st quarter. Russell Investments Group Ltd. now owns 6,400 shares of the company’s stock worth $110,000 after purchasing an additional 6,327 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Funko by 11.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the company’s stock worth $141,000 after purchasing an additional 850 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Funko during the 2nd quarter worth approximately $177,000. Finally, MetLife Investment Management LLC raised its position in shares of Funko by 53.7% during the 1st quarter. MetLife Investment Management LLC now owns 15,195 shares of the company’s stock worth $262,000 after purchasing an additional 5,307 shares during the last quarter. 80.80% of the stock is currently owned by institutional investors and hedge funds.
Funko Trading Up 1.6 %
FNKO stock opened at $8.88 on Monday. The company has a market cap of $448.24 million, a price-to-earnings ratio of 9.06, a PEG ratio of 0.82 and a beta of 1.84. The company has a quick ratio of 0.67, a current ratio of 1.38 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $18.75 and a 200-day simple moving average of $20.87. Funko, Inc. has a 52 week low of $7.60 and a 52 week high of $27.79.
Insider Transactions at Funko
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on FNKO. The Goldman Sachs Group cut their price target on Funko from $25.50 to $22.00 and set a “neutral” rating for the company in a report on Monday, November 7th. Bank of America downgraded Funko from a “buy” rating to a “neutral” rating and cut their price target for the company from $35.00 to $9.00 in a report on Monday, November 7th. DA Davidson cut their price target on Funko from $48.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 4th. JPMorgan Chase & Co. downgraded Funko from an “overweight” rating to a “neutral” rating and cut their price target for the company from $32.00 to $16.00 in a report on Friday, November 4th. Finally, BMO Capital Markets cut their price target on Funko from $22.00 to $10.00 and set a “market perform” rating for the company in a report on Monday, November 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Funko currently has an average rating of “Hold” and a consensus target price of $17.14.
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 vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.
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