Funko (NASDAQ:FNKO) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $20.00 to $25.00 in a report released on Monday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 18.99% from the company’s previous close.
FNKO has been the subject of several other reports. Piper Sandler upped their price objective on shares of Funko from $15.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, March 12th. Zacks Investment Research upgraded shares of Funko from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Friday. DA Davidson lifted their price objective on shares of Funko from $7.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 18th. Stifel Nicolaus boosted their price target on shares of Funko from $6.50 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, January 21st. Finally, Truist boosted their target price on shares of Funko from $13.00 to $18.00 in a research note on Friday, March 12th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.54.
Shares of NASDAQ:FNKO opened at $21.01 on Monday. The firm has a market cap of $1.05 billion, a PE ratio of -77.81, a price-to-earnings-growth ratio of 2.31 and a beta of 2.41. The firm’s fifty day moving average is $18.11 and its 200-day moving average is $11.76. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.66. Funko has a 52 week low of $3.37 and a 52 week high of $25.07.
Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, March 11th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.21. Funko had a negative net margin of 1.43% and a positive return on equity of 1.25%. Sell-side analysts forecast that Funko will post 0.04 EPS for the current year.
In related news, insider Tracy D. Daw sold 4,946 shares of the company’s stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $18.08, for a total value of $89,423.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Andrew Mark Perlmutter sold 56,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $18.12, for a total value of $1,019,250.00. The disclosure for this sale can be found here. Corporate insiders own 14.13% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in Funko by 0.9% in the fourth quarter. BlackRock Inc. now owns 1,704,146 shares of the company’s stock valued at $17,689,000 after buying an additional 15,642 shares during the last quarter. First Sabrepoint Capital Management LP purchased a new stake in shares of Funko during the fourth quarter worth approximately $4,671,000. Dimensional Fund Advisors LP raised its position in Funko by 8.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 219,998 shares of the company’s stock worth $2,284,000 after acquiring an additional 17,219 shares in the last quarter. JPMorgan Chase & Co. raised its position in Funko by 119.3% in the fourth quarter. JPMorgan Chase & Co. now owns 186,953 shares of the company’s stock worth $1,940,000 after acquiring an additional 101,710 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Funko by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 153,624 shares of the company’s stock valued at $1,595,000 after purchasing an additional 5,619 shares during the last quarter. Institutional investors own 51.28% of the company’s stock.
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 offers vinyl, blind-packed miniature, and action figures; plush products; accessories; apparels, such as t-shirts and hats; homewares, including drinkware, party lights and other home accessories, such as keychains, pens, and pins; and bags, purses and wallets, and board games.
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