Shares of Funko Inc (NASDAQ:FNKO) have received an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $19.57.
A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on Funko from $8.00 to $10.50 and gave the company a “market perform” rating in a research note on Monday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating and set a $23.00 price objective on shares of Funko in a research note on Friday, August 10th. Zacks Investment Research lowered Funko from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. increased their price objective on Funko from $14.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, August 10th. Finally, Piper Jaffray Companies set a $24.00 price objective on Funko and gave the company a “buy” rating in a research note on Thursday, August 9th.
In related news, President Andrew Mark Perlmutter sold 55,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $20.02, for a total transaction of $1,101,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tracy D. Daw sold 10,000 shares of the stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $20.36, for a total value of $203,600.00. The disclosure for this sale can be found here. 18.39% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of FNKO. Renaissance Technologies LLC acquired a new stake in Funko in the 3rd quarter worth about $12,615,000. Feinberg Stephen acquired a new stake in Funko in the 2nd quarter worth about $2,242,000. SG Americas Securities LLC acquired a new stake in Funko in the 3rd quarter worth about $4,125,000. Osterweis Capital Management Inc. acquired a new stake in Funko in the 3rd quarter worth about $4,068,000. Finally, Systematic Financial Management LP acquired a new stake in Funko in the 3rd quarter worth about $3,188,000. 40.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FNKO stock traded up $0.05 during mid-day trading on Friday, reaching $14.81. The stock had a trading volume of 328,200 shares, compared to its average volume of 501,752. Funko has a 12-month low of $5.81 and a 12-month high of $31.12. The stock has a market cap of $713.88 million and a P/E ratio of 49.37. The company has a quick ratio of 0.99, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.
Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, November 8th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Funko had a return on equity of 10.69% and a net margin of 1.55%. The business had revenue of $176.90 million during the quarter, compared to analysts’ expectations of $166.07 million. During the same quarter last year, the business posted $0.04 earnings per share. The business’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, sell-side analysts anticipate that Funko will post 0.71 earnings per share for the current year.
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, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
Read More: What is a Leveraged Buyout (LBO)?
Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.