Funko, Inc. (NASDAQ:FNKO) Receives $8.92 Consensus Target Price from Analysts

Funko, Inc. (NASDAQ:FNKO) has received an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.92.

Separately, B. Riley assumed coverage on Funko in a report on Wednesday, April 10th. They issued a “buy” rating and a $10.00 price target on the stock.

Funko Price Performance

Funko stock opened at $6.69 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.62 and a current ratio of 0.96. Funko has a one year low of $5.27 and a one year high of $13.42. The company has a market cap of $355.04 million, a P/E ratio of -2.07 and a beta of 1.05. The business has a fifty day moving average of $6.21 and a two-hundred day moving average of $6.89.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. The firm had revenue of $291.24 million for the quarter, compared to the consensus estimate of $284.90 million. As a group, analysts predict that Funko will post -0.34 earnings per share for the current fiscal year.

Insider Activity

In other Funko news, insider Tracy D. Daw sold 4,808 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.45, for a total transaction of $31,011.60. Following the sale, the insider now directly owns 51,170 shares of the company’s stock, valued at approximately $330,046.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Tracy D. Daw sold 4,808 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $6.45, for a total transaction of $31,011.60. Following the completion of the transaction, the insider now owns 51,170 shares of the company’s stock, valued at approximately $330,046.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Steve Nave sold 6,352 shares of Funko stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $7.08, for a total transaction of $44,972.16. Following the completion of the transaction, the chief financial officer now owns 65,883 shares in the company, valued at approximately $466,451.64. The disclosure for this sale can be found here. Insiders have sold 34,972 shares of company stock worth $223,485 over the last ninety days. 4.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Funko

A number of hedge funds have recently made changes to their positions in FNKO. Swiss National Bank increased its holdings in Funko by 12.7% in the 1st quarter. Swiss National Bank now owns 64,700 shares of the company’s stock valued at $404,000 after purchasing an additional 7,300 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Funko in the first quarter valued at about $656,000. BNP Paribas Financial Markets raised its holdings in shares of Funko by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock valued at $414,000 after buying an additional 2,342 shares during the period. Virtu Financial LLC acquired a new position in Funko during the 4th quarter worth approximately $177,000. Finally, Quarry LP purchased a new position in Funko in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 99.15% 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.