Funko, Inc. (NASDAQ:FNKO) Receives $8.92 Consensus Target Price from Analysts

Funko, Inc. (NASDAQ:FNKO) has been assigned an average rating of “Hold” from the five analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $8.92.

Separately, B. Riley began coverage on Funko in a research report on Wednesday, April 10th. They issued a “buy” rating and a $10.00 target price for the company.

Funko Stock Up 3.0 %

Shares of NASDAQ FNKO opened at $6.82 on Friday. The stock has a 50-day moving average price of $6.20 and a two-hundred day moving average price of $6.88. Funko has a 12 month low of $5.27 and a 12 month high of $13.42. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 0.55. The company has a market cap of $361.93 million, a price-to-earnings ratio of -2.11 and a beta of 1.05.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The firm had revenue of $291.24 million for the quarter, compared to analyst estimates of $284.90 million. Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. As a group, analysts forecast that Funko will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Funko

In other Funko news, insider Tracy D. Daw sold 7,500 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $6.08, for a total value of $45,600.00. Following the sale, the insider now owns 58,670 shares in the company, valued at approximately $356,713.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Funko news, insider Tracy D. Daw sold 4,808 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $6.45, for a total transaction of $31,011.60. Following the transaction, the insider now owns 51,170 shares in the company, valued at $330,046.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tracy D. Daw sold 7,500 shares of Funko stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $6.08, for a total transaction of $45,600.00. Following the transaction, the insider now owns 58,670 shares of the company’s stock, valued at $356,713.60. The disclosure for this sale can be found here. Insiders sold 34,972 shares of company stock worth $223,485 over the last three months. Company insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNKO. Swiss National Bank raised its position in Funko by 12.7% in the 1st quarter. Swiss National Bank now owns 64,700 shares of the company’s stock valued at $404,000 after buying an additional 7,300 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Funko in the 1st quarter valued at about $656,000. BNP Paribas Financial Markets lifted its position in shares of Funko by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock worth $414,000 after buying an additional 2,342 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Funko in the 4th quarter worth approximately $177,000. Finally, Quarry LP purchased a new position in shares of Funko in the 4th quarter worth approximately $34,000. Institutional investors own 99.15% of the company’s stock.

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.