Funko (NASDAQ:FNKO) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Funko (NASDAQ:FNKO) posted its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01, FiscalAI reports. The firm had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $260.71 million. Funko had a negative return on equity of 23.66% and a negative net margin of 7.39%.

Funko Price Performance

Shares of FNKO stock traded down $0.19 on Thursday, reaching $4.30. The company’s stock had a trading volume of 961,113 shares, compared to its average volume of 1,134,787. The stock’s fifty day simple moving average is $4.10 and its 200-day simple moving average is $3.54. Funko has a 1 year low of $2.22 and a 1 year high of $7.84. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $238.18 million, a price-to-earnings ratio of -3.39 and a beta of 0.52.

Hedge Funds Weigh In On Funko

A number of institutional investors and hedge funds have recently made changes to their positions in FNKO. Invesco Ltd. raised its position in shares of Funko by 1.9% during the 4th quarter. Invesco Ltd. now owns 143,809 shares of the company’s stock valued at $489,000 after buying an additional 2,717 shares in the last quarter. Vident Advisory LLC increased its stake in Funko by 40.0% during the fourth quarter. Vident Advisory LLC now owns 50,957 shares of the company’s stock worth $173,000 after acquiring an additional 14,560 shares during the last quarter. Empowered Funds LLC increased its stake in Funko by 9.8% during the fourth quarter. Empowered Funds LLC now owns 202,707 shares of the company’s stock worth $689,000 after acquiring an additional 18,122 shares during the last quarter. XTX Topco Ltd raised its position in Funko by 254.9% during the fourth quarter. XTX Topco Ltd now owns 147,986 shares of the company’s stock valued at $503,000 after purchasing an additional 106,293 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in Funko during the fourth quarter valued at approximately $134,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FNKO has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Funko from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.75.

Funko Company Profile

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.