Funko Inc (NASDAQ:FNKO) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $27.50.
FNKO has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on Funko from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Piper Jaffray Companies set a $30.00 target price on Funko and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus set a $25.00 target price on Funko and gave the stock a “buy” rating in a report on Monday, November 4th. ValuEngine lowered shares of Funko from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Zacks Investment Research lowered shares of Funko from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th.
In other Funko news, CEO Brian Richard Mariotti sold 50,000 shares of Funko stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $17.59, for a total value of $879,500.00. Also, Director Adam M. Kriger sold 3,600,000 shares of Funko stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $25.42, for a total transaction of $91,512,000.00. In the last 90 days, insiders sold 4,106,250 shares of company stock worth $103,718,813. 16.26% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new position in Funko during the 2nd quarter worth approximately $31,000. Freestone Capital Holdings LLC purchased a new position in Funko during the 2nd quarter worth approximately $7,293,000. Bank of Montreal Can grew its position in Funko by 7,766.7% during the 2nd quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock worth $34,000 after purchasing an additional 1,398 shares in the last quarter. Royal Bank of Canada purchased a new position in Funko during the 2nd quarter worth approximately $62,000. Finally, Meeder Asset Management Inc. purchased a new position in Funko during the 3rd quarter worth approximately $81,000. Hedge funds and other institutional investors own 61.02% of the company’s stock.
NASDAQ:FNKO traded down $0.27 during midday trading on Friday, hitting $14.05. 615,234 shares of the stock were exchanged, compared to its average volume of 796,334. Funko has a one year low of $11.22 and a one year high of $27.89. The company has a market capitalization of $709.61 million, a price-to-earnings ratio of 20.66, a P/E/G ratio of 0.70 and a beta of 2.00. The business has a 50-day moving average price of $17.42 and a two-hundred day moving average price of $21.27. The company has a current ratio of 1.72, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88.
Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, October 31st. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.06. Funko had a return on equity of 17.93% and a net margin of 2.69%. The firm had revenue of $223.31 million for the quarter, compared to analysts’ expectations of $220.44 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. Sell-side analysts forecast that Funko will post 1.02 EPS for the current fiscal 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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
Recommended Story: G-20
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.