Caption Management LLC Invests $520,000 in Funko, Inc. $FNKO

Key Points

• Caption Management LLC invested $520,000 in Funko, Inc., acquiring 75,824 shares during the first quarter, representing approximately 0.14% of the company's stock.
• Funko's stock was recently rated with a consensus of "Moderate Buy," but saw target price adjustments, with Goldman Sachs lowering it from $5.50 to $2.50.
• The company reported a quarterly EPS of ($0.48), missing expectations, with a year-over-year revenue decline of 21.9%, indicating ongoing financial challenges.

Caption Management LLC purchased a new stake in Funko, Inc. (NASDAQ:FNKO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 75,824 shares of the company's stock, valued at approximately $520,000. Caption Management LLC owned 0.14% of Funko as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FNKO. Assenagon Asset Management S.A. lifted its position in shares of Funko by 952.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company's stock worth $8,475,000 after purchasing an additional 1,118,090 shares during the last quarter. Divisadero Street Capital Management LP purchased a new stake in shares of Funko during the 4th quarter worth $13,783,000. ING Groep NV purchased a new stake in shares of Funko during the 1st quarter worth $6,860,000. SG Americas Securities LLC lifted its position in shares of Funko by 5,429.1% during the 1st quarter. SG Americas Securities LLC now owns 1,011,493 shares of the company's stock worth $6,939,000 after purchasing an additional 993,199 shares during the last quarter. Finally, CenterBook Partners LP purchased a new stake in shares of Funko during the 1st quarter worth $4,296,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Funko Stock Performance

NASDAQ FNKO traded down $0.06 during trading on Friday, reaching $3.27. The company's stock had a trading volume of 1,795,161 shares, compared to its average volume of 2,184,918. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.41 and a current ratio of 0.64. The firm has a market cap of $181.06 million, a price-to-earnings ratio of -2.70 and a beta of 0.81. Funko, Inc. has a twelve month low of $2.22 and a twelve month high of $14.65. The business's fifty day moving average price is $3.80 and its 200-day moving average price is $5.27.

Funko (NASDAQ:FNKO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.30). The business had revenue of $193.47 million during the quarter, compared to analyst estimates of $206.18 million. Funko had a negative net margin of 6.72% and a negative return on equity of 19.97%. The company's revenue for the quarter was down 21.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, analysts anticipate that Funko, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FNKO has been the subject of several recent analyst reports. Wall Street Zen cut shares of Funko from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. DA Davidson reissued a "buy" rating and issued a $7.00 price target on shares of Funko in a research report on Monday, July 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Funko from $5.50 to $2.50 and set a "neutral" rating for the company in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.13.

Funko 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.