Funko, Inc. (NASDAQ:FNKO) Given Average Rating of “Hold” by Analysts

Funko, Inc. (NASDAQ:FNKO) has earned a consensus rating of “Hold” from the five brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $9.50.

FNKO has been the topic of a number of recent analyst reports. B. Riley raised their price target on Funko from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Stifel Nicolaus raised their price target on Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, DA Davidson raised their price target on Funko from $10.50 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th.

Funko Stock Down 0.6 %

Shares of NASDAQ FNKO opened at $8.83 on Friday. 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 $10.53. The stock has a market capitalization of $473.29 million, a P/E ratio of -3.52 and a beta of 1.18. The stock’s fifty day moving average is $9.37 and its 200 day moving average is $7.67.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.25) EPS for the quarter, topping 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 analysts’ expectations of $218.26 million. Sell-side analysts forecast that Funko will post -0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Funko

In other Funko news, insider Andrew David Oddie sold 16,719 shares of Funko stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $10.09, for a total value of $168,694.71. Following the transaction, the insider now owns 40,372 shares in the company, valued at $407,353.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Andrew David Oddie sold 16,719 shares of Funko stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $10.09, for a total transaction of $168,694.71. Following the sale, the insider now directly owns 40,372 shares of the company’s stock, valued at $407,353.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of Funko stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $8.90, for a total value of $17,800,000.00. Following the sale, the insider now directly owns 5,129,838 shares in the company, valued at $45,655,558.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,068,150 shares of company stock worth $18,417,009 over the last 90 days. Insiders own 4.81% of the company’s stock.

Institutional Trading of Funko

Hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Funko during the fourth quarter valued at about $34,000. Tower Research Capital LLC TRC boosted its stake in shares of Funko by 145.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock valued at $63,000 after purchasing an additional 4,861 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Funko during the first quarter valued at about $67,000. RPO LLC acquired a new stake in shares of Funko during the fourth quarter valued at about $86,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Funko during the first quarter valued at about $73,000. 99.15% of the stock is owned by institutional investors and hedge funds.

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.