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

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

FNKO has been the topic of a number of research reports. Seaport Research Partners began coverage on shares of Funko in a report on Monday, August 24th. They issued a “buy” rating and a $8.00 price target on the stock. Zacks Research raised Funko to a “hold” rating in a report on Wednesday, August 26th. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.75 target price on shares of Funko in a research report on Monday, August 10th. Wall Street Zen upgraded Funko from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research report on Thursday.

Funko Stock Performance

FNKO stock traded down $0.19 during mid-day trading on Friday, hitting $6.63. The company had a trading volume of 2,065,052 shares, compared to its average volume of 980,868. The firm has a market cap of $370.82 million, a PE ratio of -165.71 and a beta of 0.95. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. Funko has a 12 month low of $2.72 and a 12 month high of $7.35. The stock’s fifty day moving average price is $5.98 and its two-hundred day moving average price is $5.38.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $207.72 million for the quarter, compared to analysts’ expectations of $200.96 million. On average, analysts forecast that Funko will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Funko news, Director Charles Denson bought 72,992 shares of Funko stock in a transaction dated Monday, August 24th. The stock was purchased at an average price of $6.85 per share, for a total transaction of $499,995.20. Following the completion of the purchase, the director directly owned 269,084 shares of the company’s stock, valued at approximately $1,843,225.40. This trade represents a 37.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Josh Simon sold 181,893 shares of Funko stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $5.79, for a total transaction of $1,053,160.47. Following the completion of the transaction, the chief executive officer owned 151,440 shares of the company’s stock, valued at $876,837.60. The trade was a 54.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 228,662 shares of company stock worth $1,363,086 over the last quarter. 3.88% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in Funko by 2,249.0% during the 1st quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock valued at $815,000 after acquiring an additional 247,588 shares during the period. Empowered Funds LLC lifted its position in shares of Funko by 10.3% during the first quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock worth $704,000 after acquiring an additional 20,882 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Funko during the second quarter worth $648,000. Public Employees Retirement System of Ohio bought a new position in shares of Funko in the second quarter worth $494,000. Finally, SEB Asset Management AB bought a new position in shares of Funko in the first quarter worth $235,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Funko Company Profile

Funko, Inc is a consumer products company that designs, sources and distributes licensed and proprietary pop-culture collectibles. Its best-known product is the Pop! line of stylized vinyl figures, which features characters from entertainment franchises, sports, music and other cultural properties. The company also offers action figures, plush products, apparel, accessories, games and other collectible merchandise.

Funko’s portfolio is built around licensing partnerships with major media, entertainment and consumer brands, including franchises associated with film, television, video games, comics and sports.