Funko (FNKO) Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Funko in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FNKO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FNKO, but not buy additional shares or sell existing shares.
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7 analysts have issued twelve-month target prices for Funko's stock. Their FNKO share price forecasts range from $6.50 to $20.00. On average, they expect the company's stock price to reach $13.07 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price.
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Funko's stock was trading at $10.91 at the start of the year. Since then, FNKO shares have increased by 11.6% and is now trading at $12.18.
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Funko saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,280,000 shares, a decrease of 13.0% from the April 30th total of 2,620,000 shares. Based on an average daily volume of 674,200 shares, the days-to-cover ratio is presently 3.4 days. Approximately 7.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Funko, Inc. (NASDAQ:FNKO) posted its quarterly earnings results on Thursday, November, 4th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. The company had revenue of $267.70 million for the quarter, compared to analysts' expectations of $240.74 million. Funko had a negative trailing twelve-month return on equity of 7.12% and a negative net margin of 5.78%. The company's revenue for the quarter was up 40.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share.

ETFs with the largest weight of Funko (NASDAQ:FNKO) stock in their portfolio include SoFi Web 3 ETF (TWEB), Principal Millennial Global Growth ETF (GENY),

Funko issued an update on its second quarter 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share (EPS) guidance of -$0.45--$0.30 for the period, compared to the consensus earnings per share estimate of -$0.39. The company issued revenue guidance of $240.00 million-$260.00 million, compared to the consensus revenue estimate of $284.10 million.

46 employees have rated Funko Chief Executive Officer Brian Mariotti on Glassdoor.com. Brian Mariotti has an approval rating of 35% among the company's employees. This puts Brian Mariotti in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Funko investors own include NVIDIA (NVDA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Advanced Emissions Solutions (ADES), Block (SQ), Twitter (TWTR), Micron Technology (MU), Cisco Systems (CSCO), Intel (INTC) and Walt Disney (DIS).

(FNKO) raised $200 million in an initial public offering (IPO) on Thursday, November 2nd 2017. The company issued 13,300,000 shares at $14.00-$16.00 per share. Goldman Sachs, J.P. Morgan and BofA Merrill Lynch served as the underwriters for the IPO and Piper Jaffray, Jefferies, Stifel, BMO Capital Markets and SunTrust Robinson Humphrey were co-managers.

Funko trades on the NASDAQ under the ticker symbol "FNKO."

Funko's stock is owned by a number of institutional and retail investors. Top institutional shareholders include No Street GP LP (5.87%), Hood River Capital Management LLC (4.50%), BlackRock Inc. (4.36%), Dimensional Fund Advisors LP (1.75%), Geode Capital Management LLC (1.27%) and Hotchkis & Wiley Capital Management LLC (1.23%). Insiders that own company stock include Adam M Kriger, Andrew David Oddie, Andrew Mark Perlmutter, Brian Richard Mariotti, Charles D Denson, Equity Genpar LLC Acon, Gino Dellomo, Jung Jennifer Fall, Kenneth M Young, Kenneth R Brotman, Tracy D Daw, Tracy D Daw and Woodson Capital Management, Lp.
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Shares of FNKO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FNKO stock can currently be purchased for approximately $12.18.

Funko (NASDAQ:FNKO) has a market capitalization of $617.40 million and generates $1.32 billion in revenue each year. The company earns $-8,030,000.00 in net income (profit) each year or ($1.59) on an earnings per share basis.

The company employs 1,466 workers across the globe.

Funko's mailing address is 2802 WETMORE AVE, EVERETT WA, 98201. The official website for the company is www.funko.com. The company can be reached via phone at (425) 783-3616 or via email at investorrelations@funko.com.