Funko - FNKO Stock Forecast, Price & News

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 vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others. It offers its products under the Funko, Pop!, Loungefly, Mystery Minis, Paka Paka, Vinyl Gold, Funko Soda, Funko Games, Funko action figures, Funko Plush, Funko Gold, and Popsies brand names; and licenses its properties under the classic evergreen, movie release, current TV, and current video game categories. The company sells its products to specialty retailers, mass-market retailers, e-commerce sites, and distributors; and at specialty licensing and comic book shows, conventions, and exhibitions, as well as through its e-commerce business. Funko, Inc. was incorporated in 2017 and is headquartered in Everett, Washington.

Analyst Ratings Changes

A number of equities analysts have weighed in on FNKO shares. JPMorgan Chase & Co. raised shares of Funko from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $25.00 to $28.00 in a research note on Thursday, June 23rd. DA Davidson dropped their price objective on Funko from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday, August 5th.

Funko Stock Down 2.8 %

Shares of NASDAQ:FNKO opened at $20.58 on Friday. The stock has a 50-day simple moving average of $23.11 and a 200-day simple moving average of $19.65. The stock has a market capitalization of $1.03 billion, a P/E ratio of 19.23, a PEG ratio of 0.56 and a beta of 1.91. Funko has a 1 year low of $15.28 and a 1 year high of $27.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.01 and a current ratio of 1.37.

Funko (NASDAQ:FNKO - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Funko had a net margin of 3.92% and a return on equity of 15.64%. The company had revenue of $315.72 million during the quarter, compared to the consensus estimate of $292.63 million. During the same period in the previous year, the firm earned $0.35 earnings per share. Funko's revenue for the quarter was up 33.7% on a year-over-year basis. Equities analysts forecast that Funko will post 1.71 earnings per share for the current year.

Insider Buying and Selling

In other Funko news, CRO Andrew David Oddie sold 1,187 shares of the firm's stock in a transaction dated Saturday, July 30th. The stock was sold at an average price of $26.30, for a total value of $31,218.10. Following the transaction, the executive now directly owns 25,903 shares of the company's stock, valued at $681,248.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Funko news, insider Tracy D. Daw sold 7,893 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $22.64, for a total value of $178,697.52. Following the completion of the sale, the insider now owns 5,326 shares of the company's stock, valued at $120,580.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Andrew David Oddie sold 1,187 shares of Funko stock in a transaction that occurred on Saturday, July 30th. The shares were sold at an average price of $26.30, for a total transaction of $31,218.10. Following the sale, the executive now owns 25,903 shares in the company, valued at approximately $681,248.90. The disclosure for this sale can be found here. In the last three months, insiders sold 56,335 shares of company stock valued at $1,320,060. Company insiders own 12.56% of the company's stock.