Funko Inc (NASDAQ:FNKO) insider Russell Eugene Nickel sold 6,850 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $22.51, for a total value of $154,193.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Funko stock traded up $0.03 during mid-day trading on Wednesday, reaching $21.52. The stock had a trading volume of 275,900 shares, compared to its average volume of 601,223. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.31 and a current ratio of 1.94. Funko Inc has a fifty-two week low of $11.03 and a fifty-two week high of $31.12. The stock has a market capitalization of $1.06 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 1.24 and a beta of 2.15.
Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. Funko had a return on equity of 15.28% and a net margin of 1.48%. The firm had revenue of $166.80 million during the quarter, compared to analysts’ expectations of $159.59 million. During the same quarter last year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. Research analysts forecast that Funko Inc will post 0.95 EPS for the current year.
A number of equities research analysts have commented on the company. Piper Jaffray Companies set a $27.00 price objective on Funko and gave the company a “buy” rating in a research note on Friday, March 1st. SunTrust Banks raised their price objective on Funko to $26.00 and gave the company a “buy” rating in a research note on Friday, March 1st. BMO Capital Markets raised their price objective on Funko from $12.00 to $20.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Jefferies Financial Group raised their price objective on Funko to $27.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research cut Funko from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Funko has a consensus rating of “Buy” and an average target price of $23.78.
Several hedge funds have recently bought and sold shares of the company. Marshall Wace LLP bought a new stake in Funko during the first quarter worth $4,597,000. MetLife Investment Advisors LLC bought a new stake in shares of Funko in the first quarter valued at $118,000. Metropolitan Life Insurance Co NY bought a new stake in shares of Funko in the first quarter valued at $85,000. Jane Street Group LLC bought a new stake in shares of Funko in the first quarter valued at $1,064,000. Finally, 12 West Capital Management LP bought a new stake in shares of Funko in the first quarter valued at $5,647,000. Institutional investors own 45.92% of the company’s stock.
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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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