Strs Ohio Acquires Shares of 68,800 Funko, Inc. $FNKO

Key Points

• Strs Ohio has acquired 68,800 shares of Funko, Inc. valued at approximately $472,000, marking a total ownership of 0.13% of the company.
• Funko reported a loss of ($0.48) earnings per share for the recent quarter, significantly missing the consensus estimate, and experienced a 21.9% decline in quarterly revenue compared to the previous year.
• Despite a recent stock price increase of 15.9%, analysts have varying outlooks on Funko, with ratings from 'buy' to 'sell' and a consensus target price of $7.17.

Strs Ohio acquired a new stake in Funko, Inc. (NASDAQ:FNKO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 68,800 shares of the company's stock, valued at approximately $472,000. Strs Ohio owned 0.13% of Funko as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the company. ING Groep NV purchased a new stake in Funko during the first quarter worth about $6,860,000. Cubist Systematic Strategies LLC purchased a new stake in Funko during the first quarter worth about $704,000. Pacer Advisors Inc. purchased a new stake in Funko during the first quarter worth about $3,170,000. Assenagon Asset Management S.A. boosted its holdings in Funko by 952.8% during the first quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company's stock worth $8,475,000 after buying an additional 1,118,090 shares in the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in Funko by 242.2% during the first quarter. Graham Capital Management L.P. now owns 136,125 shares of the company's stock worth $934,000 after buying an additional 96,347 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Funko Stock Up 15.9%

Shares of NASDAQ FNKO opened at $4.01 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.64 and a quick ratio of 0.41. The company has a market capitalization of $222.03 million, a PE ratio of -3.31 and a beta of 0.81. The firm's 50-day moving average is $3.54 and its two-hundred day moving average is $4.50. Funko, Inc. has a 12-month low of $2.22 and a 12-month high of $14.65.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on FNKO shares. DA Davidson reissued a "buy" rating and set a $7.00 price objective on shares of Funko in a report on Monday, July 28th. The Goldman Sachs Group reduced their price target on shares of Funko from $5.50 to $2.50 and set a "neutral" rating on the stock in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Funko from a "hold" rating to a "sell" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Funko has an average rating of "Hold" and a consensus target price of $7.17.

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.

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