Funko, Inc. (NASDAQ:FNKO) Given Average Recommendation of “Hold” by Brokerages

Funko, Inc. (NASDAQ:FNKO) has been given a consensus rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.50.

FNKO has been the topic of several analyst reports. DA Davidson increased their price target on Funko from $10.50 to $12.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Stifel Nicolaus increased their price target on Funko from $8.00 to $9.00 and gave the company a “hold” rating in a report on Thursday. Finally, B. Riley raised their price objective on shares of Funko from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, May 10th.

Funko Trading Down 0.6 %

Shares of FNKO stock opened at $8.83 on Friday. Funko has a 12 month low of $5.27 and a 12 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 business’s 50 day moving average is $9.37 and its two-hundred day moving average is $7.67. The company has a market cap of $473.29 million, a PE ratio of -3.52 and a beta of 1.18.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.25) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.10. Funko had a negative return on equity of 16.76% and a negative net margin of 11.46%. The company had revenue of $215.70 million for the quarter, compared to the consensus estimate of $218.26 million. Equities analysts predict that Funko will post -0.27 EPS for the current year.

Insider Transactions at Funko

In other Funko news, insider Andrew David Oddie sold 9,603 shares of Funko stock in a transaction on Monday, May 13th. The shares were sold at an average price of $7.42, for a total transaction of $71,254.26. Following the sale, the insider now owns 73,781 shares in the company, valued at $547,455.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Funko news, insider Tracy D. Daw sold 20,000 shares of Funko stock in a transaction on Monday, July 1st. The stock was sold at an average price of $9.33, for a total transaction of $186,600.00. Following the completion of the transaction, the insider now directly owns 16,362 shares of the company’s stock, valued at $152,657.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Andrew David Oddie sold 9,603 shares of Funko stock in a transaction on Monday, May 13th. The shares were sold at an average price of $7.42, for a total value of $71,254.26. Following the transaction, the insider now directly owns 73,781 shares of the company’s stock, valued at $547,455.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,068,150 shares of company stock worth $18,417,009. Insiders own 4.81% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FNKO. Parcion Private Wealth LLC lifted its holdings in shares of Funko by 698.4% during the fourth quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company’s stock valued at $9,842,000 after acquiring an additional 1,113,788 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Funko during the second quarter valued at $6,996,000. Working Capital Advisors UK Ltd. lifted its holdings in shares of Funko by 4.6% during 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 acquiring an additional 310,639 shares during the period. Bayberry Capital Partners LP lifted its holdings in shares of Funko by 48.1% during the fourth quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock valued at $7,328,000 after acquiring an additional 308,000 shares during the period. Finally, GSA Capital Partners LLP bought a new position in shares of Funko during the first quarter valued at $656,000. 99.15% of the stock is owned by institutional investors.

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.