Funko, Inc. (NASDAQ:FNKO) Stock Has Average Target Price of $7.08

Shares of Funko, Inc. (NASDAQ:FNKO) have earned a consensus rating of “Hold” from the four analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.08.

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $6.75 price objective on shares of Funko in a research report on Monday, August 10th. DA Davidson lifted their price objective on shares of Funko from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Seaport Research Partners initiated coverage on shares of Funko in a research note on Monday, August 24th. They issued a “buy” rating and a $8.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of Funko from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

Funko Price Performance

Shares of FNKO opened at $5.46 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. The stock has a market cap of $305.38 million, a PE ratio of -136.47 and a beta of 0.94. The firm’s 50-day simple moving average is $5.89 and its two-hundred day simple moving average is $5.14. Funko has a fifty-two week low of $2.72 and a fifty-two week high of $7.35.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.47. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. The company had revenue of $207.72 million during the quarter, compared to the consensus estimate of $200.96 million. Analysts anticipate that Funko will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other Funko news, CEO Josh Simon sold 181,893 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $5.79, for a total value of $1,053,160.47. Following the completion of the sale, the chief executive officer directly owned 151,440 shares of the company’s stock, valued at $876,837.60. The trade was a 54.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Pendeven Le sold 35,907 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $6.51, for a total transaction of $233,754.57. Following the transaction, the chief financial officer owned 35,907 shares in the company, valued at approximately $233,754.57. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 228,662 shares of company stock valued at $1,363,086. 3.88% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Funko

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in Funko by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 103,125 shares of the company’s stock worth $325,000 after purchasing an additional 4,607 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Funko by 10.3% in the first quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock worth $704,000 after purchasing an additional 20,882 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Funko in the 1st quarter worth $137,000. SEB Asset Management AB purchased a new stake in shares of Funko during the first quarter worth about $235,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Funko during the second quarter valued at approximately $494,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

About Funko

Funko, Inc is a consumer products company that designs, sources and distributes licensed and proprietary pop culture merchandise. Its best-known products are Pop! vinyl figures, which feature characters from movies, television, video games, sports, music and other entertainment properties. The company also offers a broader range of collectibles, toys, apparel, accessories, home goods and other merchandise.

Funko’s portfolio includes Loungefly, a lifestyle brand known for licensed bags, wallets, apparel and accessories, as well as products sold under additional proprietary and licensed brands.