Funko Inc (NASDAQ:FNKO) Director Charles D. Denson bought 25,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were bought at an average cost of $20.69 per share, for a total transaction of $517,250.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NASDAQ FNKO traded up $0.42 during midday trading on Wednesday, hitting $21.70. 699,800 shares of the company traded hands, compared to its average volume of 615,138. The company has a current ratio of 1.94, a quick ratio of 1.31 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.03 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 1.17 and a beta of 2.48. Funko Inc has a 52 week low of $9.37 and a 52 week high of $31.12.
Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. The firm had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $159.59 million. Funko had a return on equity of 15.28% and a net margin of 1.48%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. On average, equities analysts predict that Funko Inc will post 0.95 earnings per share for the current fiscal year.
FNKO has been the topic of several recent research reports. Stifel Nicolaus increased their target price on Funko from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, March 4th. They noted that the move was a valuation call. Piper Jaffray Companies set a $27.00 target price on Funko and gave the company a “buy” rating in a research report on Friday, March 1st. Zacks Investment Research raised Funko from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, January 24th. Jefferies Financial Group increased their target price on Funko to $27.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Finally, SunTrust Banks increased their target price on Funko to $26.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Funko presently has an average rating of “Buy” and a consensus price target of $23.78.
Several institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Funko in the 1st quarter worth $118,000. Oxford Asset Management LLP acquired a new stake in shares of Funko in the 1st quarter worth $1,708,000. Marshall Wace LLP acquired a new stake in shares of Funko in the 1st quarter worth $4,597,000. Geode Capital Management LLC boosted its position in shares of Funko by 9.2% in the 1st quarter. Geode Capital Management LLC now owns 131,518 shares of the company’s stock worth $2,856,000 after purchasing an additional 11,071 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Funko by 245.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 77,044 shares of the company’s stock worth $1,674,000 after purchasing an additional 54,744 shares in the last quarter. 40.90% of the stock is owned by hedge funds and other institutional investors.
Funko Company Profile
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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