Funko (NASDAQ:FNKO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Funko from “hold” to “buy,” though analyst sentiment remains mixed, with Goldman Sachs at “neutral” and Weiss Ratings at “sell.” The consensus rating is still “Hold,” with a $7.08 target price.
• Funko’s latest quarterly results exceeded expectations, reporting $0.26 in EPS versus a projected loss of $0.21 and revenue of $207.72 million, above the $200.96 million estimate.
• FNKO shares opened at $6.14, compared with a 12-month range of $2.59 to $7.04. Institutional investors and hedge funds own approximately 99.15% of the company’s stock.

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

A number of other research analysts have also commented on the company. The Goldman Sachs Group reissued a "neutral" rating and set a $6.75 price target on shares of Funko in a report on Monday. DA Davidson upped their price objective on shares of Funko from $7.00 to $8.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Funko in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Funko has an average rating of "Hold" and a consensus target price of $7.08.

Funko Stock Performance

Shares of FNKO stock opened at $6.14 on Friday. Funko has a 12-month low of $2.59 and a 12-month high of $7.04. The firm has a market capitalization of $343.42 million, a price-to-earnings ratio of -153.46 and a beta of 0.93. The business has a 50 day simple moving average of $5.67 and a 200 day simple moving average of $4.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.16 and a quick ratio of 0.78.

Funko (NASDAQ:FNKO - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.47. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%.The firm had revenue of $207.72 million for the quarter, compared to analysts' expectations of $200.96 million.

Institutional Investors Weigh In On Funko

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Funko during the 4th quarter valued at $37,000. Boothbay Fund Management LLC bought a new stake in shares of Funko in the 4th quarter worth $63,000. Engineers Gate Manager LP bought a new stake in shares of Funko in the 4th quarter worth $82,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Funko in the third quarter valued at $86,000. Finally, Odyssean LLC acquired a new stake in shares of Funko in the fourth quarter valued at $98,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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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