Funko, Inc. (NASDAQ:FNKO) Given Consensus Rating of “Hold” by Analysts

Funko, Inc. (NASDAQ:FNKO) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $9.33.

A number of equities analysts recently weighed in on FNKO shares. B. Riley upped their target price on shares of Funko from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. DA Davidson upped their price objective on Funko from $10.50 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th.

Insiders Place Their Bets

In related news, insider Andrew David Oddie sold 9,603 shares of Funko stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $7.42, for a total value of $71,254.26. Following the sale, the insider now owns 73,781 shares of the company’s stock, valued at $547,455.02. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Andrew David Oddie sold 9,603 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $7.42, for a total transaction of $71,254.26. Following the completion of the transaction, the insider now directly owns 73,781 shares of the company’s stock, valued at $547,455.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tracy D. Daw sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $6.08, for a total value of $45,600.00. Following the transaction, the insider now directly owns 58,670 shares in the company, valued at approximately $356,713.60. The disclosure for this sale can be found here. Insiders have sold 62,360 shares of company stock valued at $517,226 in the last three months. 4.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Funko

A number of institutional investors have recently added to or reduced their stakes in the company. Working Capital Advisors UK Ltd. grew its position in shares of Funko by 4.6% in the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock valued at $55,114,000 after acquiring an additional 310,639 shares during the period. Parcion Private Wealth LLC lifted its stake in Funko by 698.4% in the 4th quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company’s stock valued at $9,842,000 after purchasing an additional 1,113,788 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Funko during the third quarter worth about $8,693,000. Bayberry Capital Partners LP increased its position in Funko by 48.1% during the fourth quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock worth $7,328,000 after buying an additional 308,000 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Funko in the first quarter valued at approximately $656,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Funko Trading Up 2.1 %

NASDAQ:FNKO opened at $9.76 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.87 and a quick ratio of 0.52. The business’s 50-day simple moving average is $8.41 and its 200-day simple moving average is $7.41. Funko has a fifty-two week low of $5.27 and a fifty-two week high of $11.27. The stock has a market capitalization of $523.14 million, a PE ratio of -3.89 and a beta of 1.21.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.25) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.10. The firm had revenue of $215.70 million for the quarter, compared to analyst estimates of $218.26 million. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. Sell-side analysts expect that Funko will post -0.27 earnings per share for the current fiscal 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.