DA Davidson Raises Funko (NASDAQ:FNKO) Price Target to $16.00

Funko (NASDAQ:FNKO) had its price objective boosted by analysts at DA Davidson from $13.00 to $16.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 43.11% from the stock’s previous close. DA Davidson also issued estimates for Funko’s Q4 2024 earnings at ($0.03) EPS.

FNKO has been the topic of a number of other reports. Stifel Nicolaus increased their price objective on Funko from $9.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, October 22nd. B. Riley raised their price target on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th.

Funko Stock Performance

FNKO stock traded down $1.04 during trading on Friday, reaching $11.18. The company had a trading volume of 2,031,731 shares, compared to its average volume of 365,603. The company has a market cap of $603.05 million, a price-to-earnings ratio of -23.29 and a beta of 1.21. Funko has a twelve month low of $5.36 and a twelve month high of $12.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.92. The firm has a 50-day simple moving average of $11.60 and a 200-day simple moving average of $9.92.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. The firm had revenue of $247.70 million for the quarter, compared to analyst estimates of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.53) earnings per share. As a group, sell-side analysts expect that Funko will post -0.21 earnings per share for the current year.

Insider Buying and Selling at Funko

In other Funko news, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the completion of the transaction, the insider now directly owns 6,362 shares of the company’s stock, valued at approximately $76,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Funko news, insider Tracy D. Daw sold 10,000 shares of Funko stock in a transaction on Friday, September 13th. The shares were sold at an average price of $12.00, for a total value of $120,000.00. Following the completion of the transaction, the insider now owns 6,362 shares of the company’s stock, valued at approximately $76,344. The trade was a 0.00 % 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. Also, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the sale, the insider now directly owns 40,372 shares in the company, valued at approximately $485,675.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,805 shares of company stock worth $415,169. Insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in Funko in the 2nd quarter valued at $25,000. Paloma Partners Management Co acquired a new stake in shares of Funko in the first quarter valued at about $67,000. EntryPoint Capital LLC purchased a new stake in shares of Funko during the first quarter worth about $73,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Funko during the 2nd quarter worth about $121,000. Finally, SG Americas Securities LLC purchased a new position in Funko in the 3rd quarter valued at about $136,000. 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.