DA Davidson Lowers Funko (NASDAQ:FNKO) Price Target to $7.00

Funko (NASDAQ:FNKO) had its price target lowered by DA Davidson from $13.00 to $7.00 in a report published on Friday,Benzinga reports. The firm currently has a buy rating on the stock. DA Davidson also issued estimates for Funko’s Q2 2025 earnings at ($0.23) EPS and FY2026 earnings at $0.38 EPS.

Funko Stock Down 15.5%

NASDAQ:FNKO opened at $3.55 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The company’s fifty day moving average price is $5.72 and its 200-day moving average price is $10.14. Funko has a 1-year low of $3.50 and a 1-year high of $14.65. The firm has a market capitalization of $193.60 million, a P/E ratio of -7.40 and a beta of 0.85.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.10. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The business had revenue of $190.74 million during the quarter, compared to analyst estimates of $191.96 million. During the same quarter last year, the business posted ($0.17) EPS. The company’s revenue was down 11.6% on a year-over-year basis. As a group, equities research analysts anticipate that Funko will post -0.12 EPS for the current year.

Insider Buying and Selling at Funko

In related news, insider Tracy D. Daw sold 18,608 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total transaction of $132,861.12. Following the sale, the insider now owns 26,332 shares in the company, valued at approximately $188,010.48. This trade represents a 41.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew David Oddie sold 3,867 shares of Funko stock in a transaction on Friday, March 7th. The shares were sold at an average price of $8.87, for a total transaction of $34,300.29. Following the completion of the transaction, the insider now directly owns 23,200 shares of the company’s stock, valued at $205,784. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,764 shares of company stock valued at $239,730. 4.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Funko

A number of institutional investors have recently modified their holdings of FNKO. Marshall Wace LLP boosted its position in Funko by 384.3% during the fourth quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock worth $20,653,000 after purchasing an additional 1,223,939 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Funko by 952.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company’s stock worth $8,475,000 after buying an additional 1,118,090 shares during the period. Divisadero Street Capital Management LP purchased a new position in shares of Funko during the 4th quarter valued at approximately $13,783,000. ING Groep NV purchased a new position in shares of Funko during the 1st quarter valued at approximately $6,860,000. Finally, SG Americas Securities LLC grew its stake in Funko by 5,429.1% in the 1st quarter. SG Americas Securities LLC now owns 1,011,493 shares of the company’s stock valued at $6,939,000 after acquiring an additional 993,199 shares during the period. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.