Shares of Funko Inc (NASDAQ:FNKO) have earned a consensus rating of “Buy” from the nine brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $23.78.

A number of brokerages have recently issued reports on FNKO. Piper Jaffray Companies set a $27.00 target price on Funko and gave the company a “buy” rating in a research report on Friday, March 1st. SunTrust Banks raised their price objective on Funko to $26.00 and gave the company a “buy” rating in a report on Friday, March 1st. BMO Capital Markets raised their price objective on Funko from $12.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Zacks Investment Research lowered Funko from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 30th. Finally, Jefferies Financial Group raised their price objective on Funko to $27.00 and gave the company a “buy” rating in a report on Friday, March 1st.

In other Funko news, President Andrew Mark Perlmutter sold 9,598 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $20.01, for a total value of $192,055.98. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Charles D. Denson bought 20,600 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was bought at an average cost of $21.25 per share, with a total value of $437,750.00. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 185,669 shares of company stock worth $3,888,045 and sold 1,482,924 shares worth $30,755,565. Company insiders own 16.26% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Advisor Group Inc. increased its stake in shares of Funko by 117.6% in the 1st quarter. Advisor Group Inc. now owns 2,176 shares of the company’s stock worth $47,000 after acquiring an additional 1,176 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Funko by 58,400.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after acquiring an additional 2,336 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in shares of Funko in the 1st quarter worth $85,000. Sun Life Financial INC acquired a new stake in shares of Funko in the 4th quarter worth $61,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Funko in the 1st quarter worth $118,000. 42.13% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:FNKO opened at $21.38 on Friday. Funko has a 1 year low of $9.76 and a 1 year high of $31.12. The company has a market cap of $1.04 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.23 and a beta of 2.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.31 and a current ratio of 1.94.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.08. Funko had a return on equity of 15.28% and a net margin of 1.48%. The firm had revenue of $166.80 million for the quarter, compared to analyst estimates of $159.59 million. During the same quarter last year, the firm posted $0.03 EPS. The business’s revenue was up 21.6% on a year-over-year basis. Sell-side analysts expect that Funko will post 0.95 EPS for the current fiscal year.

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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