DA Davidson Equities Analysts Raise Earnings Estimates for Funko, Inc. (NASDAQ:FNKO)

Funko, Inc. (NASDAQ:FNKO) – Analysts at DA Davidson upped their Q3 2024 EPS estimates for Funko in a report issued on Thursday, August 15th. DA Davidson analyst L. Weiser now forecasts that the company will post earnings per share of $0.05 for the quarter, up from their prior estimate of ($0.01). DA Davidson currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Funko’s current full-year earnings is ($0.27) per share. DA Davidson also issued estimates for Funko’s FY2025 earnings at $0.30 EPS.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.24. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $231.04 million. During the same period last year, the firm earned ($0.53) earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the stock. B. Riley raised their target price on shares of Funko from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus raised their target price on shares of Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, July 25th.

Funko Price Performance

Shares of FNKO opened at $10.38 on Monday. The company has a market cap of $556.36 million, a price-to-earnings ratio of -4.14 and a beta of 1.18. Funko has a twelve month low of $5.36 and a twelve month high of $10.53. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $9.54 and a two-hundred day moving average of $7.95.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FNKO. Versor Investments LP purchased a new position in shares of Funko during the fourth quarter worth $192,000. BNP Paribas Financial Markets increased its holdings in Funko by 381.1% in the fourth quarter. BNP Paribas Financial Markets now owns 63,927 shares of the company’s stock valued at $494,000 after buying an additional 50,640 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Funko in the fourth quarter valued at $477,000. RPO LLC purchased a new position in Funko in the fourth quarter valued at $86,000. Finally, Working Capital Advisors UK Ltd. increased its holdings in Funko by 4.6% in the fourth quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock valued at $55,114,000 after buying an additional 310,639 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Insiders Place Their Bets

In other Funko news, Director Michael C. Lunsford sold 5,900 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total value of $56,345.00. Following the completion of the transaction, the director now owns 98,974 shares of the company’s stock, valued at $945,201.70. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Funko news, Director Michael C. Lunsford sold 5,900 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total value of $56,345.00. Following the completion of the transaction, the director now owns 98,974 shares of the company’s stock, valued at $945,201.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $8.90, for a total transaction of $17,800,000.00. Following the completion of the transaction, the insider now directly owns 5,129,838 shares of the company’s stock, valued at approximately $45,655,558.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,060,704 shares of company stock valued at $18,379,784. Insiders own 4.81% of the company’s stock.

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.