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

Funko, Inc. (NASDAQ:FNKO) has been assigned a consensus recommendation of “Hold” from the four brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.08.

FNKO has been the topic of a number of recent research reports. Zacks Research upgraded Funko to a “hold” rating in a research note on Wednesday, August 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research report on Friday, July 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.75 price target on shares of Funko in a report on Monday, August 10th. DA Davidson raised their price objective on shares of Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Seaport Research Partners assumed coverage on shares of Funko in a report on Monday, August 24th. They set a “buy” rating and a $8.00 target price for the company.

Insider Activity at Funko

In other Funko news, CFO Pendeven Le sold 35,907 shares of Funko stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $6.51, for a total value of $233,754.57. Following the completion of the transaction, the chief financial officer owned 35,907 shares of the company’s stock, valued at approximately $233,754.57. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Charles Denson acquired 72,992 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $6.85 per share, with a total value of $499,995.20. Following the transaction, the director 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 position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 228,662 shares of company stock worth $1,363,086. 3.88% of the stock is owned by company insiders.

Hedge Funds Weigh In On Funko

A number of large investors have recently bought and sold shares of FNKO. SG Americas Securities LLC lifted its holdings in shares of Funko by 2,249.0% in the 1st quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock worth $815,000 after acquiring an additional 247,588 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Funko in the 2nd quarter valued at approximately $648,000. Public Employees Retirement System of Ohio purchased a new stake in Funko in the second quarter valued at approximately $494,000. SEB Asset Management AB purchased a new stake in Funko in the first quarter valued at approximately $235,000. Finally, Renaissance Technologies LLC acquired a new position in Funko during the first quarter worth $137,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Stock Performance

Shares of NASDAQ FNKO opened at $5.45 on Tuesday. The company has a 50 day simple moving average of $5.90 and a two-hundred day simple moving average of $5.12. The stock has a market cap of $304.82 million, a price-to-earnings ratio of -136.22 and a beta of 0.94. The company has a current ratio of 1.16, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. Funko has a 12 month low of $2.72 and a 12 month high of $7.35.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.47. The firm had revenue of $207.72 million for the quarter, compared to analyst estimates of $200.96 million. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. As a group, analysts predict that Funko will post 0.34 earnings per share for the current year.

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.