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Allspring Global Investments Holdings LLC Has $816,000 Stock Holdings in Funko, Inc. (NASDAQ:FNKO)


Allspring Global Investments Holdings LLC lifted its holdings in Funko, Inc. (NASDAQ:FNKOGet Rating) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,573 shares of the company’s stock after buying an additional 1,299 shares during the period. Allspring Global Investments Holdings LLC owned about 0.07% of Funko worth $816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC boosted its position in shares of Funko by 221.3% in the first quarter. Lazard Asset Management LLC now owns 4,154 shares of the company’s stock worth $71,000 after buying an additional 2,861 shares during the period. Amalgamated Bank acquired a new stake in shares of Funko in the first quarter worth $75,000. Russell Investments Group Ltd. boosted its position in shares of Funko by 8,667.1% in the first quarter. Russell Investments Group Ltd. now owns 6,400 shares of the company’s stock worth $110,000 after buying an additional 6,327 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Funko by 11.6% in the first quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the company’s stock worth $141,000 after buying an additional 850 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in shares of Funko in the first quarter worth $236,000. Institutional investors and hedge funds own 80.80% of the company’s stock.

Insider Transactions at Funko

In other news, insider Tracy D. Daw sold 26,800 shares of Funko stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $22.78, for a total value of $610,504.00. Following the transaction, the insider now directly owns 46,730 shares in the company, valued at $1,064,509.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Tracy D. Daw sold 26,800 shares of Funko stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $22.78, for a total value of $610,504.00. Following the transaction, the insider now directly owns 46,730 shares in the company, valued at $1,064,509.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jung Jennifer Fall sold 37,207 shares of Funko stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $23.39, for a total value of $870,271.73. Following the completion of the transaction, the chief financial officer now owns 52,310 shares in the company, valued at $1,223,530.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,008 shares of company stock worth $1,528,795. Company insiders own 12.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Funko from $23.00 to $25.50 and gave the stock a “neutral” rating in a report on Wednesday, September 14th. DA Davidson cut their price objective on Funko from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, August 5th. Bank of America increased their price objective on Funko from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, September 15th. Finally, Truist Financial cut their price objective on Funko from $28.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, October 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Funko Price Performance

NASDAQ FNKO opened at $21.20 on Monday. Funko, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.79. The stock’s 50-day moving average is $21.73 and its two-hundred day moving average is $21.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.37 and a quick ratio of 0.76. The firm has a market cap of $1.06 billion, a P/E ratio of 20.15, a price-to-earnings-growth ratio of 0.44 and a beta of 1.90.

Funko (NASDAQ:FNKOGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. Funko had a return on equity of 15.64% and a net margin of 3.92%. The company had revenue of $315.72 million for the quarter, compared to analyst estimates of $292.63 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. On average, analysts anticipate that Funko, Inc. will post 1.7 earnings per share for the current fiscal year.

About Funko

(Get Rating)

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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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)



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