SG Americas Securities LLC Buys 247,588 Shares of Funko, Inc. $FNKO

SG Americas Securities LLC grew its stake in Funko, Inc. (NASDAQ:FNKO) by 2,249.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,597 shares of the company’s stock after acquiring an additional 247,588 shares during the quarter. SG Americas Securities LLC’s holdings in Funko were worth $815,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its position in Funko by 48.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,340,267 shares of the company’s stock valued at $4,611,000 after acquiring an additional 439,907 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Funko by 264.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 428,240 shares of the company’s stock worth $1,456,000 after purchasing an additional 310,893 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Funko by 850,199.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock worth $11,564,000 after purchasing an additional 3,400,796 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Funko during the third quarter valued at $194,000. Finally, Odyssean LLC purchased a new stake in shares of Funko during the fourth quarter valued at $98,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FNKO. The Goldman Sachs Group upped their target price on shares of Funko from $4.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Truist Financial set a $6.50 price target on shares of Funko in a research note on Friday, March 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a report on Tuesday, April 21st. One equities research 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. According to MarketBeat, Funko presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Insider Transactions at Funko

In related news, insider Andrew David Oddie sold 34,656 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $6.00, for a total value of $207,936.00. Following the completion of the sale, the insider directly owned 34,657 shares of the company’s stock, valued at approximately $207,942. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 3.27% of the company’s stock.

Funko Price Performance

NASDAQ FNKO opened at $5.51 on Monday. The business’s fifty day moving average is $5.18 and its 200 day moving average is $4.31. Funko, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $6.09. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 1.15. The company has a market capitalization of $308.17 million, a PE ratio of -5.25 and a beta of 0.92.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.23. Funko had a negative return on equity of 21.03% and a negative net margin of 6.30%.The business had revenue of $200.92 million during the quarter, compared to analysts’ expectations of $188.60 million.

Funko Company 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.