Funko, Inc. (NASDAQ:FNKO) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts have a “Hold” consensus on Funko, with one sell, two hold and one buy rating; the average 12-month price target is approximately $7.08.
• Director Charles D. Denson bought nearly 73,000 shares for about $500,000, increasing his stake by 37.2%; institutional investors own 99.15% of the company.
• Funko reported quarterly EPS of $0.26, surpassing the $0.21 loss analysts expected, while revenue of $207.72 million also exceeded forecasts. Shares opened at $6.74, near the company’s 52-week high of $7.04.

Shares of Funko, Inc. (NASDAQ:FNKO - Get Free Report) have been given an average rating of "Hold" by the four research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $7.0833.

FNKO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Funko from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Seaport Research Partners initiated coverage on shares of Funko in a report on Monday. They issued a "buy" rating and a $8.00 price target on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Funko in a research note on Friday, July 17th. The Goldman Sachs Group reissued a "neutral" rating and set a $6.75 price objective on shares of Funko in a report on Monday, August 10th. Finally, DA Davidson raised their target price on Funko from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Friday, August 7th.

Insider Buying and Selling at Funko

In other news, Director Charles D. Denson acquired 72,992 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average price of $6.85 per share, with a total value of $499,995.20. Following the acquisition, the director owned 269,084 shares in the company, valued at $1,843,225.40. The trade was a 37.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.88% of the company's stock.

Hedge Funds Weigh In On Funko

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC purchased a new position in shares of Funko in the fourth quarter worth about $63,000. Engineers Gate Manager LP purchased a new stake in shares of Funko during the 4th quarter valued at approximately $82,000. Brown Brothers Harriman & Co. bought a new position in Funko in the 3rd quarter worth approximately $86,000. Odyssean LLC bought a new position in Funko in the 4th quarter worth approximately $98,000. Finally, Jain Global LLC purchased a new position in Funko in the 4th quarter valued at approximately $123,000. Institutional investors own 99.15% of the company's stock.

Funko Price Performance

Shares of NASDAQ:FNKO opened at $6.74 on Friday. The company's 50-day moving average is $5.86 and its 200 day moving average is $4.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. The company has a market capitalization of $376.97 million, a P/E ratio of -168.46 and a beta of 0.93. Funko has a fifty-two week low of $2.72 and a fifty-two week high of $7.04.

Funko (NASDAQ:FNKO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $0.47. The business had revenue of $207.72 million during the quarter, compared to the consensus estimate of $200.96 million. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. On average, equities research analysts forecast that Funko will post 0.34 earnings per share for the current year.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company's signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko's portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.

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