Funko, Inc. (FNKO) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is mostly neutral: Four firms covering Funko give it an average “Hold” rating, with a mean 12-month price target of $7.08; one analyst rates it a Buy.
• Funko beat quarterly expectations, reporting EPS of $0.16 versus a $0.10 consensus and revenue of $258.34 million versus $250.70 million expected.
• Company executives sold shares in recent transactions, including the CEO and CFO; the article says the CEO’s sale was to cover tax withholding and the CFO’s was under a pre-arranged trading plan.

Shares of Funko, Inc. (NASDAQ:FNKO - Get Free Report) have received an average recommendation of "Hold" from the four research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $7.08.

A number of research firms have recently weighed in on FNKO. Wall Street Zen raised Funko from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Funko from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Monday. DA Davidson upped their price target on shares of Funko from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Funko to a "hold" rating in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $6.75 price objective on shares of Funko in a report on Monday, August 10th.

Funko Trading Up 1.5%

Shares of FNKO stock opened at $7.24 on Wednesday. The company has a market capitalization of $404.93 million, a PE ratio of 103.44 and a beta of 1.00. The company has a quick ratio of 0.79, a current ratio of 1.16 and a debt-to-equity ratio of 0.97. Funko has a 12-month low of $2.72 and a 12-month high of $7.47. The firm has a 50 day moving average price of $6.10 and a two-hundred day moving average price of $5.22.

Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.06. Funko had a return on equity of 6.63% and a net margin of 0.49%. The business had revenue of $258.34 million during the quarter, compared to the consensus estimate of $250.70 million. As a group, analysts predict that Funko will post 0.34 earnings per share for the current year.

Insider Activity

In related news, CEO Josh Simon sold 181,893 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $5.79, for a total transaction of $1,053,160.47. Following the sale, the chief executive officer owned 151,440 shares of the company's stock, valued at $876,837.60. This represents a 54.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Pendeven Le sold 35,907 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $6.51, for a total value of $233,754.57. Following the sale, the chief financial officer directly owned 35,907 shares in the company, valued at $233,754.57. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 228,662 shares of company stock worth $1,363,086. Corporate insiders own 3.88% of the company's stock.

Institutional Trading of Funko

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC acquired a new stake in shares of Funko during the 1st quarter worth $137,000. SEB Asset Management AB acquired a new position in Funko in the first quarter valued at about $235,000. Bank of New York Mellon Corp raised its stake in Funko by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 103,125 shares of the company's stock valued at $325,000 after purchasing an additional 4,607 shares in the last quarter. Ritholtz Wealth Management acquired a new position in Funko in the third quarter valued at about $326,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Funko during the second quarter worth about $494,000. 99.15% of the stock is currently owned by institutional investors.

Funko Company Profile

Funko, Inc. is a consumer products company that designs, sources and sells licensed and original pop-culture collectibles and merchandise. Its best-known product is the Pop! vinyl figure, which features characters from movies, television, video games, sports and other entertainment properties. The company also offers plush products, action figures, accessories, apparel, home goods and games. Funko's portfolio includes brands such as Pop!, Loungefly and Mondo. Loungefly focuses on licensed bags, wallets, accessories and other lifestyle products, while Mondo is known for premium collectibles, posters, apparel and related merchandise.

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