Assenagon Asset Management S.A. Acquires 1,118,090 Shares of Funko, Inc. (NASDAQ:FNKO)

Assenagon Asset Management S.A. grew its stake in shares of Funko, Inc. (NASDAQ:FNKO - Free Report) by 952.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,235,437 shares of the company's stock after acquiring an additional 1,118,090 shares during the period. Assenagon Asset Management S.A. owned about 2.27% of Funko worth $8,475,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FNKO. New York State Teachers Retirement System bought a new position in Funko during the fourth quarter valued at $38,000. Intech Investment Management LLC bought a new position in shares of Funko during the 4th quarter worth $148,000. Hsbc Holdings PLC purchased a new stake in Funko in the 4th quarter worth about $152,000. OMERS ADMINISTRATION Corp bought a new stake in Funko in the 4th quarter valued at about $183,000. Finally, AlphaQuest LLC raised its stake in Funko by 115.8% in the 4th quarter. AlphaQuest LLC now owns 14,154 shares of the company's stock valued at $190,000 after acquiring an additional 7,595 shares during the period. Hedge funds and other institutional investors own 99.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FNKO shares. Wall Street Zen lowered shares of Funko from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. DA Davidson upgraded shares of Funko to a "strong-buy" rating in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised shares of Funko from a "sell" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $5.50 in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.88.

Insider Transactions at Funko

In other news, insider Andrew David Oddie sold 9,580 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $4.96, for a total value of $47,516.80. Following the transaction, the insider now owns 52,203 shares in the company, valued at approximately $258,926.88. This trade represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Cynthia W. Williams sold 47,457 shares of Funko stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $3.94, for a total transaction of $186,980.58. Following the completion of the transaction, the chief executive officer now directly owns 32,769 shares in the company, valued at approximately $129,109.86. The trade was a 59.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,201 shares of company stock valued at $251,664. Insiders own 3.27% of the company's stock.

Funko Price Performance

Shares of Funko stock traded up $0.22 on Wednesday, reaching $4.96. The stock had a trading volume of 1,033,663 shares, compared to its average volume of 1,104,166. The business's 50 day moving average is $4.36 and its two-hundred day moving average is $8.90. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 1 year low of $3.50 and a 1 year high of $14.65. The company has a market cap of $272.23 million, a P/E ratio of -13.42 and a beta of 0.77.

Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.10. Funko had a negative return on equity of 5.01% and a negative net margin of 1.92%. The firm had revenue of $190.74 million for the quarter, compared to analysts' expectations of $191.96 million. During the same quarter last year, the firm posted ($0.17) EPS. The company's revenue was down 11.6% compared to the same quarter last year. As a group, research analysts anticipate that Funko, Inc. will post -0.12 EPS for the current year.

Funko Company Profile

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 media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.