Funko (FNKO) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Funko in the last year. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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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8 equities research analysts have issued 1 year target prices for Funko's stock. Their FNKO share price forecasts range from $6.50 to $13.00. On average, they expect the company's stock price to reach $9.81 in the next year. This suggests a possible upside of 35.3% from the stock's current price.
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Funko's stock was trading at $10.91 on January 1st, 2023. Since then, FNKO stock has decreased by 33.5% and is now trading at $7.25.
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Funko saw a increase in short interest in September. As of September 15th, there was short interest totaling 3,810,000 shares, an increase of 15.8% from the August 31st total of 3,290,000 shares. Based on an average daily volume of 823,400 shares, the short-interest ratio is presently 4.6 days. Currently, 13.3% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Funko, Inc. (NASDAQ:FNKO) issued its quarterly earnings data on Thursday, August, 3rd. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by $0.09. The firm had revenue of $240.03 million for the quarter, compared to analysts' expectations of $253.15 million. Funko had a negative net margin of 13.52% and a negative trailing twelve-month return on equity of 18.61%.

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 third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of -$0.10--$0.03 for the period, compared to the consensus EPS estimate of $0.30. The company issued revenue guidance of $280.00 million-$310.00 million, compared to the consensus revenue estimate of $338.45 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 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."

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 $7.25.

Funko (NASDAQ:FNKO) has a market capitalization of $375.55 million and generates $1.32 billion in revenue each year. The company earns $-8,030,000.00 in net income (profit) each year or ($3.41) 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.