DA Davidson Issues Negative Estimate for Funko Earnings

Key Points

• DA Davidson has cut its Q2 2025 earnings per share (EPS) estimates for Funko from ($0.22) to ($0.45), maintaining a "Buy" rating with a price target of $7.00.
• Funko's shares recently opened at $3.90 and have a fifty-day moving average price of $4.59, indicating a significant drop from a one-year high of $14.65.
• Over 99% of Funko's stock is owned by institutional investors, with notable buying activity in recent quarters, suggesting ongoing interest despite the company's bearish earnings outlook.

Funko, Inc. (NASDAQ:FNKO - Free Report) - Equities researchers at DA Davidson reduced their Q2 2025 EPS estimates for shares of Funko in a research report issued on Tuesday, July 29th. DA Davidson analyst K. Cox now expects that the company will post earnings of ($0.45) per share for the quarter, down from their previous forecast of ($0.22). DA Davidson currently has a "Buy" rating and a $7.00 target price on the stock. The consensus estimate for Funko's current full-year earnings is ($0.12) per share. DA Davidson also issued estimates for Funko's FY2025 earnings at ($0.28) EPS.

FNKO has been the topic of several other reports. Wall Street Zen cut shares of Funko from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. The Goldman Sachs Group raised shares of Funko from a "sell" rating to a "neutral" rating and cut their price objective for the company from $7.00 to $5.50 in a research report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $9.88.

Funko Trading Down 6.5%

Shares of FNKO stock traded down $0.25 on Thursday, hitting $3.59. The stock had a trading volume of 2,305,725 shares, compared to its average volume of 976,261. Funko has a twelve month low of $3.48 and a twelve month high of $14.65. The firm has a market cap of $197.23 million, a P/E ratio of -9.70 and a beta of 0.82. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $7.07.

Funko (NASDAQ:FNKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.10. Funko had a negative net margin of 1.92% and a negative return on equity of 5.01%. The company had revenue of $190.74 million during the quarter, compared to analyst estimates of $191.96 million. During the same quarter in the previous year, the business earned ($0.17) EPS. The firm's revenue was down 11.6% on a year-over-year basis.

Institutional Investors Weigh In On Funko

A number of institutional investors and hedge funds have recently modified their holdings of FNKO. American Century Companies Inc. raised its holdings in shares of Funko by 18.5% in the 4th quarter. American Century Companies Inc. now owns 680,231 shares of the company's stock valued at $9,108,000 after purchasing an additional 106,037 shares during the period. Vanguard Group Inc. raised its holdings in shares of Funko by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company's stock valued at $26,222,000 after purchasing an additional 50,877 shares during the period. ExodusPoint Capital Management LP bought a new stake in shares of Funko in the 4th quarter valued at about $342,000. Landscape Capital Management L.L.C. bought a new stake in shares of Funko in the 4th quarter valued at about $3,606,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Funko by 18.0% in the 4th quarter. Wells Fargo & Company MN now owns 20,090 shares of the company's stock valued at $269,000 after purchasing an additional 3,070 shares during the period. 99.15% of the stock is owned by institutional investors.

Insider Activity

In other Funko news, insider Andrew David Oddie sold 9,580 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $4.96, for a total transaction of $47,516.80. Following the sale, the insider directly owned 52,203 shares of the company's stock, valued at $258,926.88. The trade was a 15.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Cynthia W. Williams sold 47,457 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $3.94, for a total transaction of $186,980.58. Following the sale, the chief executive officer directly owned 32,769 shares in the company, valued at $129,109.86. This trade represents a 59.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.27% 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.