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

SG Americas Securities LLC raised its position in shares of Funko, Inc. (NASDAQ:FNKO) by 2,249.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,597 shares of the company’s stock after purchasing an additional 247,588 shares during the period. SG Americas Securities LLC owned approximately 0.47% of Funko worth $815,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FNKO. Boothbay Fund Management LLC bought a new stake in Funko in the 4th quarter worth approximately $63,000. Engineers Gate Manager LP purchased a new position in shares of Funko during the fourth quarter worth approximately $82,000. Brown Brothers Harriman & Co. purchased a new position in shares of Funko during the third quarter worth approximately $86,000. Odyssean LLC bought a new stake in shares of Funko in the 4th quarter worth approximately $98,000. Finally, Jain Global LLC bought a new stake in shares of Funko in the 4th quarter worth approximately $123,000. Institutional investors own 99.15% of the company’s stock.

Insider Buying and Selling at Funko

In related news, insider Andrew David Oddie sold 34,656 shares of the stock in a transaction dated 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 transaction, the insider directly owned 34,657 shares in the company, valued at $207,942. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a research report on Tuesday, April 21st. Truist Financial set a $6.50 price objective on Funko in a report on Friday, March 13th. Finally, The Goldman Sachs Group increased their target price on Funko from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Funko presently has an average rating of “Hold” and a consensus price target of $6.50.

Funko Price Performance

Shares of FNKO stock opened at $5.51 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.78 and a current ratio of 1.15. Funko, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $6.09. The firm has a market cap of $308.17 million, a P/E ratio of -5.25 and a beta of 0.92. The business’s 50 day moving average price is $5.18 and its 200-day moving average price is $4.31.

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

About Funko

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.