Funko (NASDAQ:FNKO) Given New $4.00 Price Target at The Goldman Sachs Group

Funko (NASDAQ:FNKO) had its price objective hoisted by The Goldman Sachs Group from $3.50 to $4.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 7.96% from the stock’s current price.

Several other research analysts also recently commented on the company. Wall Street Zen raised shares of Funko from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Truist Financial set a $6.50 target price on Funko in a report on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.83.

Funko Stock Performance

FNKO traded down $0.43 on Monday, reaching $3.71. The stock had a trading volume of 1,450,783 shares, compared to its average volume of 1,169,593. Funko has a 12-month low of $2.22 and a 12-month high of $7.70. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The company has a market cap of $205.22 million, a P/E ratio of -2.99 and a beta of 0.51. The business’s 50-day moving average price is $4.14 and its two-hundred day moving average price is $3.56.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $273.10 million for the quarter, compared to the consensus estimate of $260.71 million. Funko had a negative net margin of 7.42% and a negative return on equity of 25.96%. Sell-side analysts forecast that Funko will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On Funko

A number of hedge funds have recently added to or reduced their stakes in the business. Hosking Partners LLP acquired a new stake in Funko in the 3rd quarter valued at about $4,853,000. PharVision Advisers LLC purchased a new position in shares of Funko in the 3rd quarter valued at about $126,000. Jain Global LLC acquired a new position in shares of Funko during the fourth quarter worth about $123,000. Odyssean LLC acquired a new position in shares of Funko during the fourth quarter worth about $98,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Funko during the third quarter worth approximately $86,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

About Funko

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.