Funko, Inc. (NASDAQ:FNKO) Stock Has Consensus Target Price of $7.08

Shares of Funko, Inc. (NASDAQ:FNKO) have received an average rating of “Hold” from the four research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $7.08.

A number of brokerages have weighed in on FNKO. Wall Street Zen raised Funko from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. DA Davidson boosted their price target on Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings upgraded Funko from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Monday. The Goldman Sachs Group restated a “neutral” rating and set a $6.75 price objective on shares of Funko in a research report on Monday, August 10th. Finally, Seaport Research Partners started coverage on Funko in a research note on Monday, August 24th. They set a “buy” rating and a $8.00 target price for the company.

Funko Stock Performance

NASDAQ FNKO opened at $7.24 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $404.93 million, a price-to-earnings ratio of 103.44 and a beta of 1.00. The firm’s 50 day simple moving average is $6.10 and its 200 day simple moving average is $5.22. Funko has a 1 year low of $2.72 and a 1 year high of $7.47.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. Funko had a net margin of 0.49% and a return on equity of 6.63%. The business had revenue of $258.34 million for the quarter, compared to analysts’ expectations of $250.70 million. As a group, research analysts expect that Funko will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Funko news, CEO Josh Simon sold 181,893 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $5.79, for a total value of $1,053,160.47. Following the sale, the chief executive officer owned 151,440 shares in the company, valued at $876,837.60. This trade represents a 54.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Pendeven Le sold 35,907 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $6.51, for a total transaction of $233,754.57. Following the sale, the chief financial officer directly owned 35,907 shares in the company, valued at approximately $233,754.57. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 228,662 shares of company stock worth $1,363,086 in the last three months. 3.88% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNKO. Ritholtz Wealth Management acquired a new position in Funko in the 3rd quarter worth about $326,000. State of Wyoming raised its position in Funko by 665.8% in the third quarter. State of Wyoming now owns 96,851 shares of the company’s stock valued at $524,000 after purchasing an additional 84,204 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Funko in the second quarter valued at about $494,000. Bank of New York Mellon Corp acquired a new stake in shares of Funko during the second quarter valued at about $648,000. Finally, Empowered Funds LLC boosted its stake in shares of Funko by 10.3% during the first quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock valued at $704,000 after purchasing an additional 20,882 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

Funko Company Profile

Funko, Inc. is a consumer products company that designs, sources and sells licensed and original pop-culture collectibles and merchandise. Its best-known product is the Pop! vinyl figure, which features characters from movies, television, video games, sports and other entertainment properties. The company also offers plush products, action figures, accessories, apparel, home goods and games. Funko’s portfolio includes brands such as Pop!, Loungefly and Mondo. Loungefly focuses on licensed bags, wallets, accessories and other lifestyle products, while Mondo is known for premium collectibles, posters, apparel and related merchandise.