Analysts Set Funko, Inc. (NASDAQ:FNKO) Target Price at $8.70

Funko, Inc. (NASDAQ:FNKO) has earned a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $8.92.

Separately, B. Riley started coverage on Funko in a research report on Wednesday. They issued a “buy” rating and a $10.00 target price for the company.

Insider Buying and Selling at Funko

In related news, insider Tracy D. Daw sold 4,808 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.45, for a total transaction of $31,011.60. Following the completion of the transaction, the insider now directly owns 51,170 shares in the company, valued at approximately $330,046.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Funko news, insider Tracy D. Daw sold 4,808 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $6.45, for a total value of $31,011.60. Following the completion of the transaction, the insider now directly owns 51,170 shares in the company, valued at approximately $330,046.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $6.08, for a total value of $45,600.00. Following the completion of the transaction, the insider now owns 58,670 shares of the company’s stock, valued at $356,713.60. The disclosure for this sale can be found here. Insiders sold a total of 28,553 shares of company stock worth $184,207 in the last three months. 11.48% of the stock is currently owned by company insiders.

Institutional Trading of Funko

Hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new stake in Funko in the third quarter worth $25,000. Tower Research Capital LLC TRC increased its stake in Funko by 166.2% in the third quarter. Tower Research Capital LLC TRC now owns 3,349 shares of the company’s stock worth $26,000 after purchasing an additional 2,091 shares during the period. Sunbelt Securities Inc. purchased a new stake in Funko in the second quarter worth $28,000. Quarry LP bought a new position in shares of Funko during the 4th quarter worth $34,000. Finally, Lazard Asset Management LLC grew its position in shares of Funko by 221.3% during the 1st quarter. Lazard Asset Management LLC now owns 4,154 shares of the company’s stock worth $71,000 after buying an additional 2,861 shares in the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.

Funko Stock Performance

Shares of Funko stock opened at $5.64 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.62 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $299.31 million, a P/E ratio of -1.75 and a beta of 1.04. The business has a fifty day simple moving average of $6.67 and a two-hundred day simple moving average of $7.05. Funko has a 12 month low of $5.27 and a 12 month high of $13.42.

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

Funko Company Profile

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.