Funko (NASDAQ:FNKO) Hits New 52-Week High at $27.50

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Shares of Funko Inc (NASDAQ:FNKO) hit a new 52-week high on Thursday . The stock traded as high as $27.50 and last traded at $27.25, with a volume of 23913 shares trading hands. The stock had previously closed at $25.85.

Several research analysts recently weighed in on FNKO shares. BMO Capital Markets boosted their target price on shares of Funko from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. ValuEngine downgraded shares of Funko from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Bank of America boosted their target price on shares of Funko from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Stifel Nicolaus boosted their target price on shares of Funko from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, DA Davidson boosted their target price on shares of Funko from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.78.

The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.89. The company has a market cap of $1.27 billion, a PE ratio of 39.99, a PEG ratio of 1.16 and a beta of 2.13. The firm has a fifty day simple moving average of $23.38 and a 200 day simple moving average of $21.80.

Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. The company had revenue of $191.20 million during the quarter, compared to analysts’ expectations of $170.69 million. Funko had a return on equity of 17.18% and a net margin of 2.00%. The firm’s revenue was up 37.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. As a group, equities analysts predict that Funko Inc will post 1.05 EPS for the current fiscal year.

In other Funko news, insider Russell Eugene Nickel sold 40,481 shares of Funko stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $24.30, for a total value of $983,688.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian Richard Mariotti sold 50,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $21.17, for a total value of $1,058,500.00. The disclosure for this sale can be found here. Insiders sold a total of 1,796,749 shares of company stock valued at $42,767,876 in the last 90 days. 16.26% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of FNKO. BNP Paribas Arbitrage SA grew its holdings in shares of Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after purchasing an additional 2,336 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Funko by 43.8% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 44,966 shares of the company’s stock worth $976,000 after purchasing an additional 13,694 shares during the period. Spark Investment Management LLC grew its holdings in shares of Funko by 10.2% during the 1st quarter. Spark Investment Management LLC now owns 544,570 shares of the company’s stock worth $11,828,000 after purchasing an additional 50,470 shares during the period. 361 Capital LLC purchased a new stake in shares of Funko during the 1st quarter worth about $426,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Funko during the 1st quarter worth about $632,000. Institutional investors and hedge funds own 51.00% 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, 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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