Funko (NASDAQ:FNKO) Trading Up 0.2% - Should You Buy?

Key Points

• Shares were up about 0.2% to $4.38 on Friday on light volume (239,566 shares, down ~61% vs. average), with a market cap of ~$243.3M and a negative P/E of -3.53.
• Analyst sentiment is mixed: the consensus is a Hold with an average target of $5.83, while Truist set a $6.50 target, Goldman Sachs raised its target to $4.00 (neutral), and Weiss Ratings reiterated a sell.
• Funko marginally beat expectations last quarter (EPS $0.05 vs. $0.04; revenue $273.1M vs. $260.7M) but remains unprofitable with a negative net margin (-7.42%), and insiders have been selling shares recently.

Funko, Inc. (NASDAQ:FNKO - Get Free Report)'s share price traded up 0.2% on Friday . The stock traded as high as $4.47 and last traded at $4.38. 239,566 shares were traded during mid-day trading, a decline of 61% from the average session volume of 615,795 shares. The stock had previously closed at $4.37.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FNKO shares. Truist Financial set a $6.50 price target on shares of Funko in a report on Friday, March 13th. The Goldman Sachs Group lifted their target price on shares of Funko from $3.50 to $4.00 and gave the company a "neutral" rating in a research note on Monday, March 16th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Funko in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.83.

Funko Trading Up 0.2%

The stock has a market capitalization of $243.27 million, a price-to-earnings ratio of -3.53 and a beta of 0.57. The company's 50 day moving average is $4.03 and its 200 day moving average is $3.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 1.19.

Funko (NASDAQ:FNKO - Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $273.10 million during the quarter, compared to analysts' expectations of $260.71 million. Funko had a negative net margin of 7.42% and a negative return on equity of 25.96%.

Insider Transactions at Funko

In other Funko news, insider Tracy D. Daw sold 12,793 shares of the business's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total value of $46,694.45. Following the sale, the insider owned 47,016 shares of the company's stock, valued at $171,608.40. The trade was a 21.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 44,210 shares of company stock valued at $173,146. Insiders own 3.27% of the company's stock.

Institutional Investors Weigh In On Funko

Several large investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Funko by 2,249.0% in the 1st quarter. SG Americas Securities LLC now owns 258,597 shares of the company's stock worth $815,000 after purchasing an additional 247,588 shares during the last quarter. Invesco Ltd. lifted its position in Funko by 1.9% during the 4th quarter. Invesco Ltd. now owns 143,809 shares of the company's stock valued at $489,000 after purchasing an additional 2,717 shares during the period. Vident Advisory LLC lifted its position in Funko by 40.0% during the 4th quarter. Vident Advisory LLC now owns 50,957 shares of the company's stock valued at $173,000 after purchasing an additional 14,560 shares during the period. Empowered Funds LLC lifted its position in Funko by 9.8% during the 4th quarter. Empowered Funds LLC now owns 202,707 shares of the company's stock valued at $689,000 after purchasing an additional 18,122 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of Funko by 254.9% in the 4th quarter. XTX Topco Ltd now owns 147,986 shares of the company's stock valued at $503,000 after acquiring an additional 106,293 shares during the last quarter. Institutional investors own 99.15% of the company's stock.

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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