Funko, Inc. (NASDAQ:FNKO) Receives $8.92 Consensus PT from Analysts

Shares of Funko, Inc. (NASDAQ:FNKO) have been assigned a consensus rating of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $8.92.

Separately, B. Riley started coverage on Funko in a research note on Wednesday, April 10th. They issued a “buy” rating and a $10.00 price objective for the company.

Insider Transactions at Funko

In related news, CFO Pendeven Yves Le sold 4,134 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $6.10, for a total value of $25,217.40. Following the completion of the sale, the chief financial officer now directly owns 27,983 shares of the company’s stock, valued at approximately $170,696.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Steve Nave sold 6,352 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $7.08, for a total transaction of $44,972.16. Following the completion of the transaction, the chief financial officer now owns 65,883 shares in the company, valued at $466,451.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Pendeven Yves Le sold 4,134 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $6.10, for a total transaction of $25,217.40. Following the sale, the chief financial officer now owns 27,983 shares of the company’s stock, valued at approximately $170,696.30. The disclosure for this sale can be found here. Insiders sold a total of 34,972 shares of company stock valued at $223,485 over the last ninety days. 4.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Funko

Several large investors have recently modified their holdings of the business. Strs Ohio bought a new stake in Funko during the third quarter valued at approximately $25,000. Quarry LP bought a new position in Funko in the fourth quarter valued at $34,000. Tower Research Capital LLC TRC raised its position in Funko by 145.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock valued at $63,000 after purchasing an additional 4,861 shares in the last quarter. RPO LLC bought a new stake in Funko during the fourth quarter worth about $86,000. Finally, Virtu Financial LLC purchased a new position in shares of Funko in the 4th quarter worth about $177,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Funko Price Performance

Funko stock opened at $6.69 on Friday. The stock’s 50 day moving average price is $6.21 and its two-hundred day moving average price is $6.89. The stock has a market capitalization of $355.04 million, a price-to-earnings ratio of -2.07 and a beta of 1.05. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.62 and a current ratio of 0.96. Funko has a 52-week low of $5.27 and a 52-week high of $13.42.

Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. The business had revenue of $291.24 million during the quarter, compared to analysts’ expectations of $284.90 million. On average, equities analysts predict that Funko will post -0.34 earnings per share for the current year.

About Funko

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 media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.