Funko, Inc. $FNKO Holdings Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its position in shares of Funko, Inc. (NASDAQ:FNKO) by 264.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 428,240 shares of the company’s stock after purchasing an additional 310,893 shares during the quarter. Assenagon Asset Management S.A. owned about 0.77% of Funko worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Brown Brothers Harriman & Co. bought a new stake in shares of Funko in the 3rd quarter worth approximately $86,000. PharVision Advisers LLC acquired a new position in shares of Funko in the 3rd quarter worth $126,000. Verition Fund Management LLC acquired a new position in shares of Funko in the 3rd quarter worth $156,000. Sei Investments Co. acquired a new stake in shares of Funko during the second quarter worth $167,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Funko during the third quarter valued at $194,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Funko

In related news, insider Tracy D. Daw sold 12,793 shares of Funko stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total value of $46,694.45. Following the transaction, the insider owned 47,016 shares in the company, valued at $171,608.40. This trade represents a 21.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 44,210 shares of company stock valued at $173,146. Company insiders own 3.27% of the company’s stock.

Wall Street Analysts Forecast Growth

FNKO has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Thursday, January 22nd. Truist Financial set a $6.50 price target on shares of Funko in a report on Friday, March 13th. Finally, The Goldman Sachs Group upped their price target on shares of Funko from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday, March 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.83.

Funko Trading Up 2.9%

NASDAQ FNKO opened at $3.15 on Wednesday. Funko, Inc. has a 1-year low of $2.22 and a 1-year high of $7.01. The firm’s fifty day simple moving average is $4.08 and its 200-day simple moving average is $3.56. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $174.95 million, a PE ratio of -2.54 and a beta of 0.52.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $273.10 million during the quarter, compared to analyst estimates of $260.71 million. Funko had a negative return on equity of 25.96% and a negative net margin of 7.42%. As a group, sell-side analysts anticipate that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Funko Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.