Funko, Inc. (NASDAQ:FNKO) Stock Has Average Price Target of $7.08 According to Brokerages

Funko, Inc. (NASDAQ:FNKO) has been given a consensus rating of “Hold” by the four research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.08.

FNKO has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Funko from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. DA Davidson increased their target price on shares of Funko from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Seaport Research Partners assumed coverage on shares of Funko in a research note on Monday, August 24th. They set a “buy” rating and a $8.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a research report on Friday, July 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $6.75 price target on shares of Funko in a research note on Monday, August 10th.

Insider Activity at Funko

In related news, CEO Josh Simon sold 181,893 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $5.79, for a total transaction of $1,053,160.47. Following the sale, the chief executive officer owned 151,440 shares of the company’s stock, valued at $876,837.60. The trade was a 54.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Charles Denson bought 72,992 shares of the business’s stock in a transaction on Monday, August 24th. The stock was purchased at an average price of $6.85 per share, with a total value of $499,995.20. Following the completion of the transaction, the director directly owned 269,084 shares of the company’s stock, valued at $1,843,225.40. This trade represents a 37.22% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 228,662 shares of company stock worth $1,363,086 over the last quarter. 3.88% of the stock is currently owned by company insiders.

Institutional Trading of Funko

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its holdings in Funko by 2,249.0% during the first quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock worth $815,000 after acquiring an additional 247,588 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Funko during the 2nd quarter valued at about $648,000. Public Employees Retirement System of Ohio bought a new position in shares of Funko during the 2nd quarter valued at about $494,000. SEB Asset Management AB acquired a new position in shares of Funko in the 1st quarter worth approximately $235,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Funko in the 1st quarter worth approximately $137,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Funko Price Performance

FNKO stock opened at $5.50 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.16 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $5.90 and its 200-day simple moving average is $5.12. The stock has a market capitalization of $307.62 million, a price-to-earnings ratio of -137.47 and a beta of 0.94. Funko has a 52-week low of $2.72 and a 52-week high of $7.35.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.47. The firm had revenue of $207.72 million for the quarter, compared to analysts’ expectations of $200.96 million. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%. Equities research analysts expect that Funko will post 0.34 EPS for the current year.

Funko Company Profile

Funko, Inc is a consumer products company that designs, sources and distributes licensed and proprietary pop culture merchandise. Its best-known products are Pop! vinyl figures, which feature characters from movies, television, video games, sports, music and other entertainment properties. The company also offers a broader range of collectibles, toys, apparel, accessories, home goods and other merchandise.

Funko’s portfolio includes Loungefly, a lifestyle brand known for licensed bags, wallets, apparel and accessories, as well as products sold under additional proprietary and licensed brands.