Funko (NASDAQ:FNKO) PT Raised to $12.00

Funko (NASDAQ:FNKO) had its price target upped by DA Davidson from $10.50 to $12.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Separately, B. Riley boosted their target price on Funko from $10.00 to $11.00 and gave the stock a buy rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $9.33.

Funko Stock Performance

NASDAQ:FNKO opened at $10.41 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87. Funko has a 52-week low of $5.27 and a 52-week high of $13.21. The firm has a market cap of $557.98 million, a price-to-earnings ratio of -4.15 and a beta of 1.21. The business’s fifty day moving average is $7.57 and its 200 day moving average is $7.17.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.10. Funko had a negative return on equity of 16.76% and a negative net margin of 11.46%. The company had revenue of $215.70 million for the quarter, compared to analyst estimates of $218.26 million. Research analysts predict that Funko will post -0.27 EPS for the current year.

Insider Transactions at Funko

In other 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 completion of the transaction, the insider now directly owns 58,670 shares in the company, valued at approximately $356,713.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other 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 completion of the transaction, the insider now directly owns 58,670 shares in the company, valued at approximately $356,713.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Pendeven Yves Le sold 4,134 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $6.10, for a total value of $25,217.40. Following the completion of the transaction, the chief financial officer now owns 27,983 shares of the company’s stock, valued at $170,696.30. The disclosure for this sale can be found here. In the last three months, insiders sold 62,360 shares of company stock worth $517,226. 4.81% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Funko

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP purchased a new stake in Funko during the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its holdings in Funko by 145.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock valued at $63,000 after acquiring an additional 4,861 shares during the period. Paloma Partners Management Co purchased a new stake in Funko during the 1st quarter valued at about $67,000. EntryPoint Capital LLC purchased a new stake in Funko during the 1st quarter valued at about $73,000. Finally, RPO LLC purchased a new stake in Funko during the 4th quarter valued at about $86,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

About Funko

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.