Funko (NASDAQ:FNKO) Price Target Raised to $4.00

Funko (NASDAQ:FNKO) had its price target hoisted by The Goldman Sachs Group from $3.50 to $4.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also commented on FNKO. Truist Financial set a $6.50 target price on Funko in a research note on Friday, March 13th. Wall Street Zen upgraded shares of Funko from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Funko in a report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.83.

Funko Stock Down 8.6%

NASDAQ FNKO opened at $3.50 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 1.19. The firm has a 50-day simple moving average of $4.15 and a 200 day simple moving average of $3.56. Funko has a twelve month low of $2.22 and a twelve month high of $7.70. The stock has a market cap of $193.87 million, a PE ratio of -2.82 and a beta of 0.52.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, March 12th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The firm had revenue of $273.10 million for the quarter, compared to analyst estimates of $260.71 million. Funko had a negative return on equity of 25.96% and a negative net margin of 7.42%. On average, research analysts forecast that Funko will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Funko

A number of hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Funko by 850,199.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock valued at $11,564,000 after buying an additional 3,400,796 shares in the last quarter. Hosking Partners LLP acquired a new position in Funko during the third quarter worth $4,853,000. JPMorgan Chase & Co. lifted its holdings in shares of Funko by 5,627.1% during the second quarter. JPMorgan Chase & Co. now owns 900,360 shares of the company’s stock valued at $4,286,000 after acquiring an additional 884,639 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Funko by 434.3% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 946,845 shares of the company’s stock valued at $3,219,000 after acquiring an additional 769,648 shares during the period. Finally, Fund 1 Investments LLC boosted its stake in shares of Funko by 13.4% in the 3rd quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company’s stock valued at $18,624,000 after purchasing an additional 640,000 shares in the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

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.