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Victory Capital Management Inc. Buys 757,101 Shares of Funko, Inc. (NASDAQ:FNKO)


Victory Capital Management Inc. lifted its stake in shares of Funko, Inc. (NASDAQ:FNKOGet Rating) by 625.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 878,115 shares of the company’s stock after acquiring an additional 757,101 shares during the period. Victory Capital Management Inc. owned approximately 1.76% of Funko worth $19,600,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its stake in shares of Funko by 11.6% during the first quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the company’s stock valued at $141,000 after acquiring an additional 850 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Funko by 3.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 36,573 shares of the company’s stock valued at $816,000 after buying an additional 1,299 shares during the last quarter. Parcion Private Wealth LLC lifted its position in Funko by 0.3% during the first quarter. Parcion Private Wealth LLC now owns 512,160 shares of the company’s stock valued at $8,835,000 after purchasing an additional 1,500 shares during the period. Rhumbline Advisers lifted its position in Funko by 7.4% during the first quarter. Rhumbline Advisers now owns 25,819 shares of the company’s stock valued at $445,000 after purchasing an additional 1,768 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Funko by 221.3% during the first quarter. Lazard Asset Management LLC now owns 4,154 shares of the company’s stock valued at $71,000 after purchasing an additional 2,861 shares during the period. 80.80% of the stock is owned by institutional investors.

Funko Stock Up 2.4 %

NASDAQ:FNKO opened at $22.36 on Wednesday. The company’s fifty day moving average price is $21.75 and its 200-day moving average price is $21.29. Funko, Inc. has a 1-year low of $15.28 and a 1-year high of $27.79. The firm has a market capitalization of $1.12 billion, a P/E ratio of 20.90, a PEG ratio of 0.45 and a beta of 1.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.37 and a quick ratio of 0.76.

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

Analyst Ratings Changes

Several research analysts have weighed in on FNKO shares. Truist Financial decreased their price target on shares of Funko from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, October 5th. Bank of America lifted their price target on shares of Funko from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, September 15th. The Goldman Sachs Group boosted their target price on shares of Funko from $23.00 to $25.50 and gave the stock a “neutral” rating in a report on Wednesday, September 14th. Finally, DA Davidson cut their price target on shares of Funko from $50.00 to $48.00 and set a “buy” rating on the stock in a report on Friday, August 5th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Insider Buying and Selling

In other Funko news, CFO Jung Jennifer Fall sold 37,207 shares of Funko stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $23.39, for a total transaction of $870,271.73. Following the completion of the sale, the chief financial officer now directly owns 52,310 shares in the company, valued at $1,223,530.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CRO Andrew David Oddie sold 1,187 shares of the business’s stock in a transaction that occurred on Saturday, July 30th. The shares were sold at an average price of $26.30, for a total transaction of $31,218.10. Following the completion of the sale, the executive now owns 25,903 shares in the company, valued at approximately $681,248.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jung Jennifer Fall sold 37,207 shares of Funko stock in a transaction on Monday, September 19th. The shares were sold at an average price of $23.39, for a total transaction of $870,271.73. Following the completion of the transaction, the chief financial officer now directly 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 sold 66,008 shares of company stock worth $1,528,795. Insiders own 12.56% of the company’s stock.

Funko Profile

(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.

See Also

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Institutional Ownership by Quarter for Funko (NASDAQ:FNKO)



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