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.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Funko from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $25.00 to $28.00 in a research report on Thursday, June 23rd. DA Davidson cut their price objective on Funko from $50.00 to $48.00 and set a "buy" rating for the company in a report on Friday.

Funko Trading Up 1.4 %

Funko stock traded up $0.30 during mid-day trading on Monday, hitting $22.11. The company's stock had a trading volume of 39,621 shares, compared to its average volume of 661,023. The business has a 50 day moving average price of $23.06 and a 200-day moving average price of $19.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.69 and a quick ratio of 1.01. Funko has a 12 month low of $15.28 and a 12 month high of $27.79. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 0.62 and a beta of 1.92.

Funko (NASDAQ:FNKO - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $315.72 million during the quarter, compared to analysts' expectations of $292.63 million. Funko had a return on equity of 15.91% and a net margin of 3.92%. Funko's quarterly revenue was up 33.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.35 EPS. As a group, analysts forecast that Funko will post 1.68 EPS for the current year.

Insider Buying and Selling

In other Funko news, Director Kenneth R. Brotman sold 4,720 shares of the firm's stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $21.00, for a total value of $99,120.00. Following the sale, the director now owns 1,180 shares of the company's stock, valued at approximately $24,780. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Funko news, insider Tracy D. Daw sold 7,893 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 5,326 shares in the company, valued at approximately $120,580.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth R. Brotman sold 4,720 shares of Funko stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $21.00, for a total transaction of $99,120.00. Following the sale, the director now directly owns 1,180 shares in the company, valued at approximately $24,780. The disclosure for this sale can be found here. Insiders have sold a total of 55,148 shares of company stock valued at $1,288,842 over the last three months. 12.56% of the stock is owned by company insiders.