Creative Planning Makes New $240,000 Investment in Funko, Inc. (NASDAQ:FNKO)

Creative Planning bought a new position in shares of Funko, Inc. (NASDAQ:FNKO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,603 shares of the company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Funko in the 2nd quarter worth approximately $6,996,000. Marshall Wace LLP grew its holdings in shares of Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock worth $10,375,000 after acquiring an additional 654,359 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after purchasing an additional 619,114 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Funko during the second quarter valued at $1,138,000. Finally, American Century Companies Inc. boosted its position in shares of Funko by 81.1% in the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after purchasing an additional 112,007 shares during the period. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

Funko Stock Performance

Shares of FNKO opened at $11.18 on Monday. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $12.61. The company’s fifty day moving average is $11.60 and its 200-day moving average is $9.94. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The firm has a market cap of $603.05 million, a price-to-earnings ratio of -23.29 and a beta of 1.21.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The company had revenue of $247.70 million for the quarter, compared to analyst estimates of $231.04 million. During the same quarter last year, the firm posted ($0.53) earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Equities analysts expect that Funko, Inc. will post -0.21 EPS for the current fiscal year.

Insider Activity

In other Funko news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the sale, the insider now directly owns 40,372 shares of the company’s stock, valued at $485,675.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Funko news, Director Michael C. Lunsford sold 5,900 shares of Funko stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $9.55, for a total transaction of $56,345.00. Following the sale, the director now directly owns 98,974 shares of the company’s stock, valued at approximately $945,201.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew David Oddie sold 10,800 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the sale, the insider now directly owns 40,372 shares in the company, valued at approximately $485,675.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,805 shares of company stock valued at $415,169. 4.81% of the stock is owned by insiders.

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 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.