Funko (NASDAQ:FNKO) Stock Rating Upgraded by Wall Street Zen

Funko (NASDAQ:FNKO - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other analysts have also recently weighed in on the company. The Goldman Sachs Group upgraded Funko from a "sell" rating to a "neutral" rating and lowered their price target for the company from $7.00 to $5.50 in a research report on Wednesday, May 14th. DA Davidson raised shares of Funko to a "strong-buy" rating in a report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $9.88.

Funko Stock Performance

NASDAQ FNKO opened at $4.84 on Friday. The stock has a market cap of $265.63 million, a P/E ratio of -13.07 and a beta of 0.80. The company's 50-day simple moving average is $4.50 and its 200 day simple moving average is $8.30. Funko has a twelve month low of $3.50 and a twelve month high of $14.65. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 0.44.

Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.10. Funko had a negative return on equity of 5.01% and a negative net margin of 1.92%. The company had revenue of $190.74 million for the quarter, compared to analyst estimates of $191.96 million. During the same period in the prior year, the company posted ($0.17) EPS. The company's revenue was down 11.6% compared to the same quarter last year. As a group, research analysts forecast that Funko will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

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. In the last three months, insiders sold 61,201 shares of company stock worth $251,664. 3.27% of the stock is currently owned by insiders.

Institutional Trading of Funko

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC bought a new stake in shares of Funko during the 4th quarter worth approximately $148,000. Hsbc Holdings PLC bought a new stake in shares of Funko during the 4th quarter worth approximately $152,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Funko during the 4th quarter worth approximately $183,000. AlphaQuest LLC raised its position in Funko by 115.8% during the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company's stock worth $190,000 after acquiring an additional 7,595 shares in the last quarter. Finally, Caxton Associates LP bought a new stake in Funko during the fourth quarter worth $203,000. Institutional investors own 99.15% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.