Funko (NASDAQ:FNKO) Price Target Cut to $7.00 by Analysts at DA Davidson

Funko (NASDAQ:FNKO) had its target price decreased by equities researchers at DA Davidson from $13.00 to $7.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 97.18% from the stock’s previous close. DA Davidson also issued estimates for Funko’s Q2 2025 earnings at ($0.23) EPS and FY2026 earnings at $0.38 EPS.

Funko Stock Down 15.5 %

NASDAQ:FNKO opened at $3.55 on Friday. The company’s 50-day simple moving average is $5.72 and its 200-day simple moving average is $10.15. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. Funko has a fifty-two week low of $3.50 and a fifty-two week high of $14.65. The stock has a market capitalization of $193.60 million, a P/E ratio of -7.40 and a beta of 0.85.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.43) by $0.10. The company had revenue of $190.74 million during the quarter, compared to the consensus estimate of $191.96 million. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. During the same period last year, the firm earned ($0.17) earnings per share. Funko’s revenue was down 11.6% compared to the same quarter last year. On average, equities analysts anticipate that Funko will post -0.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Funko

In related news, insider Tracy D. Daw sold 18,608 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total value of $132,861.12. Following the completion of the transaction, the insider now directly owns 26,332 shares of the company’s stock, valued at $188,010.48. This trade represents a 41.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Andrew David Oddie sold 3,867 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $8.87, for a total transaction of $34,300.29. Following the sale, the insider now directly owns 23,200 shares in the company, valued at approximately $205,784. This represents a 14.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,764 shares of company stock worth $239,730. 4.81% of the stock is owned by insiders.

Institutional Trading of Funko

Several large investors have recently added to or reduced their stakes in FNKO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Funko by 4.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,783 shares of the company’s stock worth $238,000 after purchasing an additional 828 shares during the last quarter. Rhumbline Advisers lifted its stake in Funko by 1.9% during the 4th quarter. Rhumbline Advisers now owns 50,050 shares of the company’s stock valued at $670,000 after acquiring an additional 951 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Funko by 6.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,181 shares of the company’s stock valued at $552,000 after acquiring an additional 2,413 shares during the last quarter. Invesco Ltd. increased its stake in shares of Funko by 1.8% in the fourth quarter. Invesco Ltd. now owns 150,771 shares of the company’s stock worth $2,019,000 after acquiring an additional 2,668 shares during the period. Finally, New York State Teachers Retirement System purchased a new position in shares of Funko during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.