Funko (NASDAQ:FNKO) Trading 6.9% Higher


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Shares of Funko, Inc. (NASDAQ:FNKO) traded up 6.9% on Tuesday . The stock traded as high as $23.04 and last traded at $22.92. 38,682 shares were traded during mid-day trading, a decline of 98% from the average session volume of 2,215,879 shares. The stock had previously closed at $21.44.

FNKO has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Funko from $6.60 to $15.30 and gave the company a “neutral” rating in a research report on Friday, March 12th. JPMorgan Chase & Co. upgraded Funko from an “underweight” rating to a “neutral” rating and increased their target price for the company from $6.50 to $20.00 in a research report on Monday, March 22nd. Zacks Investment Research downgraded Funko from a “hold” rating to a “sell” rating in a research report on Tuesday, March 16th. Piper Sandler increased their target price on Funko from $15.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, March 12th. Finally, TheStreet upgraded Funko from a “d+” rating to a “c-” rating in a research report on Thursday, February 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Funko has a consensus rating of “Hold” and a consensus target price of $15.98.

The company has a market capitalization of $1.15 billion, a P/E ratio of -85.18, a P/E/G ratio of 2.31 and a beta of 2.41. The business has a 50-day moving average of $16.40 and a 200-day moving average of $11.01. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.66 and a quick ratio of 1.18.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, March 11th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.21. Funko had a positive return on equity of 1.25% and a negative net margin of 1.43%. Sell-side analysts predict that Funko, Inc. will post 0.04 EPS for the current fiscal year.

In other Funko news, insider Tracy D. Daw sold 4,946 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $18.08, for a total value of $89,423.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Andrew Mark Perlmutter sold 56,250 shares of the stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $18.12, for a total value of $1,019,250.00. The disclosure for this sale can be found here. 14.13% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Funko by 0.9% in the fourth quarter. BlackRock Inc. now owns 1,704,146 shares of the company’s stock worth $17,689,000 after purchasing an additional 15,642 shares during the period. First Sabrepoint Capital Management LP purchased a new position in shares of Funko during the fourth quarter valued at $4,671,000. Dimensional Fund Advisors LP increased its stake in shares of Funko by 8.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 219,998 shares of the company’s stock valued at $2,284,000 after buying an additional 17,219 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Funko by 119.3% during the fourth quarter. JPMorgan Chase & Co. now owns 186,953 shares of the company’s stock valued at $1,940,000 after buying an additional 101,710 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Funko by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 153,624 shares of the company’s stock valued at $1,595,000 after buying an additional 5,619 shares during the period. Institutional investors and hedge funds own 51.28% of the company’s stock.

About Funko (NASDAQ:FNKO)

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 offers vinyl, blind-packed miniature, and action figures; plush products; accessories; apparels, such as t-shirts and hats; homewares, including drinkware, party lights and other home accessories, such as keychains, pens, and pins; and bags, purses and wallets, and board games.

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