Funko (NASDAQ:FNKO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Funko (NASDAQ:FNKO) from a sell rating to a hold rating in a report issued on Sunday.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group dropped their price target on shares of Funko from $5.50 to $2.50 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a research report on Wednesday, October 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $7.00 price target on shares of Funko in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Funko presently has an average rating of “Hold” and an average target price of $7.17.

Funko Trading Down 4.7%

Shares of Funko stock opened at $3.25 on Friday. Funko has a fifty-two week low of $2.22 and a fifty-two week high of $14.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.44 and a current ratio of 0.66. The company has a market cap of $180.02 million, a P/E ratio of -2.56 and a beta of 0.85. The firm has a 50-day simple moving average of $3.31 and a two-hundred day simple moving average of $3.83.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.14. Funko had a negative return on equity of 23.66% and a negative net margin of 7.39%.The company had revenue of $250.91 million during the quarter, compared to analysts’ expectations of $264.94 million. As a group, equities analysts predict that Funko will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Funko

Large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Funko during the 2nd quarter worth approximately $51,000. CWM LLC grew its holdings in Funko by 571.4% in the 2nd quarter. CWM LLC now owns 13,528 shares of the company’s stock valued at $64,000 after buying an additional 11,513 shares in the last quarter. Parcion Private Wealth LLC increased its stake in shares of Funko by 64.8% in the 2nd quarter. Parcion Private Wealth LLC now owns 19,525 shares of the company’s stock worth $93,000 after acquiring an additional 7,675 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Funko during the 3rd quarter worth $86,000. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Funko by 15.1% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 27,429 shares of the company’s stock worth $188,000 after acquiring an additional 3,603 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Funko Company Profile

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.