Funko, Inc. (NASDAQ:FNKO) Given Average Recommendation of “Hold” by Brokerages

Shares of Funko, Inc. (NASDAQ:FNKO) have been given a consensus rating of “Hold” by the four brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.0833.

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $6.75 price objective on shares of Funko in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Friday, July 17th. Zacks Research upgraded shares of Funko to a “hold” rating in a research note on Wednesday. DA Davidson raised their price target on shares of Funko from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Funko from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th.

Insider Activity

In other Funko news, Director Charles D. Denson acquired 72,992 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average price of $6.85 per share, with a total value of $499,995.20. Following the completion of the purchase, the director owned 269,084 shares of the company’s stock, valued at approximately $1,843,225.40. This represents a 37.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.88% of the company’s stock.

Hedge Funds Weigh In On Funko

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in shares of Funko in the 2nd quarter valued at about $494,000. Bank of New York Mellon Corp bought a new position in shares of Funko in the second quarter worth approximately $648,000. Empowered Funds LLC increased its position in shares of Funko by 10.3% in the first quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock worth $704,000 after purchasing an additional 20,882 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Funko in the first quarter valued at approximately $137,000. Finally, SEB Asset Management AB purchased a new stake in Funko in the first quarter valued at approximately $235,000. 99.15% of the stock is currently owned by institutional investors.

Funko Stock Performance

Shares of FNKO opened at $6.74 on Friday. Funko has a 52-week low of $2.72 and a 52-week high of $7.04. The stock’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $4.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. The stock has a market capitalization of $376.97 million, a price-to-earnings ratio of -168.46 and a beta of 0.93.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.47. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%.The business had revenue of $207.72 million during the quarter, compared to analyst estimates of $200.96 million. Research analysts forecast that Funko will post 0.34 EPS for the current fiscal year.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.