Funko (NASDAQ:FNKO) Upgraded by ValuEngine to “Hold”

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Funko (NASDAQ:FNKO) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Monday, ValuEngine reports.

Several other brokerages also recently weighed in on FNKO. DA Davidson set a $32.00 target price on shares of Funko and gave the company a “buy” rating in a research note on Monday, September 23rd. Zacks Investment Research downgraded shares of Funko from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th. 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. 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.78.

FNKO stock traded down $0.23 during trading on Monday, hitting $18.10. The stock had a trading volume of 761,400 shares, compared to its average volume of 752,155. The company’s 50 day moving average price is $21.61 and its two-hundred day moving average price is $21.88. Funko has a 1-year low of $11.22 and a 1-year high of $27.89. The stock has a market cap of $889.86 million, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 0.81 and a beta of 2.07. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.89.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, August 8th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. Funko had a net margin of 2.00% and a return on equity of 17.18%. The firm had revenue of $191.20 million during the quarter, compared to the consensus estimate of $170.69 million. During the same quarter in the previous year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. As a group, sell-side analysts forecast that Funko will post 1.04 earnings per share for the current fiscal year.

In other news, Director Adam M. Kriger sold 3,600,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.42, for a total transaction of $91,512,000.00. Also, President Andrew Mark Perlmutter sold 56,250 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $20.61, for a total transaction of $1,159,312.50. In the last ninety days, insiders have sold 5,306,840 shares of company stock valued at $132,562,814. Corporate insiders own 16.26% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Funko by 41.3% during the 2nd quarter. BlackRock Inc. now owns 1,051,073 shares of the company’s stock valued at $25,457,000 after acquiring an additional 307,444 shares during the last quarter. Prospect Capital Advisors LLC increased its stake in shares of Funko by 47.4% during the 2nd quarter. Prospect Capital Advisors LLC now owns 715,800 shares of the company’s stock valued at $17,337,000 after acquiring an additional 230,050 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Funko by 27.3% during the 2nd quarter. Vanguard Group Inc. now owns 592,347 shares of the company’s stock valued at $14,347,000 after acquiring an additional 126,886 shares during the last quarter. Van Berkom & Associates Inc. purchased a new stake in shares of Funko during the 2nd quarter worth about $13,182,000. Finally, Bank of America Corp DE grew its holdings in shares of Funko by 69.6% during the 2nd quarter. Bank of America Corp DE now owns 356,557 shares of the company’s stock worth $8,635,000 after purchasing an additional 146,293 shares during the period. 50.77% of the stock is owned by institutional investors.

Funko Company Profile

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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Analyst Recommendations for Funko (NASDAQ:FNKO)

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