Funko Inc (NASDAQ:FNKO) Director Charles D. Denson bought 25,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were bought at an average price of $20.69 per share, with a total value of $517,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
NASDAQ:FNKO traded up $0.43 during mid-day trading on Thursday, reaching $21.71. 740,749 shares of the company’s stock were exchanged, compared to its average volume of 615,138. Funko Inc has a one year low of $9.37 and a one year high of $31.12. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 1.17 and a beta of 2.48. 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 (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. Funko had a net margin of 1.48% and a return on equity of 15.28%. The business had revenue of $166.80 million for the quarter, compared to analyst estimates of $159.59 million. During the same period last year, the firm earned $0.03 earnings per share. Funko’s revenue for the quarter was up 21.6% compared to the same quarter last year. Sell-side analysts anticipate that Funko Inc will post 0.95 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in FNKO. Prospect Capital Advisors LLC bought a new position in Funko during the first quarter worth about $10,550,000. 12 West Capital Management LP bought a new position in Funko during the first quarter worth about $5,647,000. Marshall Wace LLP bought a new position in Funko during the first quarter worth about $4,597,000. Shellback Capital LP bought a new position in Funko during the fourth quarter worth about $2,080,000. Finally, BlackRock Inc. increased its position in Funko by 22.0% during the third quarter. BlackRock Inc. now owns 683,376 shares of the company’s stock worth $16,190,000 after acquiring an additional 123,016 shares during the period. 40.90% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on FNKO. Zacks Investment Research cut shares of Funko from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 19th. BMO Capital Markets raised their target price on shares of Funko from $12.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. raised their target price on shares of Funko to $30.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. SunTrust Banks raised their target price on shares of Funko to $26.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Jefferies Financial Group raised their target price on shares of Funko to $27.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $23.78.
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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