Funko Inc (NASDAQ:FNKO) major shareholder Fundamental Capital Partners, sold 229,561 shares of the stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $23.73, for a total value of $5,447,482.53. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Fundamental Capital Partners, also recently made the following trade(s):
- On Friday, May 10th, Fundamental Capital Partners, sold 22,739 shares of Funko stock. The stock was sold at an average price of $23.14, for a total value of $526,180.46.
- On Tuesday, May 7th, Fundamental Capital Partners, sold 269,500 shares of Funko stock. The stock was sold at an average price of $21.15, for a total value of $5,699,925.00.
FNKO stock opened at $23.24 on Thursday. The business’s 50-day moving average price is $21.73. The company has a market cap of $1.14 billion, a PE ratio of 34.18, a PEG ratio of 1.34 and a beta of 2.17. 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 Inc has a 1 year low of $11.22 and a 1 year high of $31.12.
Funko (NASDAQ:FNKO) last released its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $159.59 million. During the same quarter in the prior year, the company earned $0.03 EPS. The company’s revenue was up 21.6% on a year-over-year basis. On average, equities analysts expect that Funko Inc will post 0.95 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of FNKO. BNP Paribas Arbitrage SA boosted its stake in shares of Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after buying an additional 2,336 shares during the last quarter. Metropolitan Life Insurance Co NY acquired a new position in shares of Funko during the 1st quarter worth about $85,000. Citigroup Inc. boosted its stake in shares of Funko by 152.7% during the 4th quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock worth $96,000 after buying an additional 4,402 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in shares of Funko during the 1st quarter worth about $118,000. Finally, Rhumbline Advisers boosted its stake in shares of Funko by 50.2% during the 4th quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock worth $178,000 after buying an additional 4,539 shares during the last quarter. Institutional investors own 45.92% of the company’s stock.
A number of equities analysts have issued reports on FNKO shares. Piper Jaffray Companies set a $27.00 target price on Funko and gave the stock a “buy” rating in a report on Friday, March 1st. Jefferies Financial Group increased their target price on Funko to $27.00 and gave the stock a “buy” rating in a report on Friday, March 1st. SunTrust Banks increased their target price on Funko to $26.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Stifel Nicolaus increased their target price on Funko from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, March 4th. They noted that the move was a valuation call. Finally, DA Davidson started coverage on Funko in a report on Thursday, June 20th. They set a “buy” rating and a $29.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $24.30.
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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