Parcion Private Wealth LLC Buys 7,675 Shares of Funko, Inc. $FNKO

Parcion Private Wealth LLC raised its position in shares of Funko, Inc. (NASDAQ:FNKO) by 64.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 19,525 shares of the company’s stock after purchasing an additional 7,675 shares during the quarter. Parcion Private Wealth LLC’s holdings in Funko were worth $93,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FNKO. ING Groep NV bought a new position in Funko during the first quarter worth $6,860,000. American Century Companies Inc. raised its position in Funko by 2.7% in the first quarter. American Century Companies Inc. now owns 698,344 shares of the company’s stock worth $4,791,000 after acquiring an additional 18,113 shares during the period. CenterBook Partners LP bought a new stake in shares of Funko in the first quarter valued at $4,296,000. Pacer Advisors Inc. bought a new position in Funko during the first quarter worth about $3,170,000. Finally, AQR Capital Management LLC boosted its holdings in shares of Funko by 343.6% in the first quarter. AQR Capital Management LLC now owns 340,130 shares of the company’s stock worth $2,333,000 after acquiring an additional 263,451 shares during the period. 99.15% of the stock is owned by institutional investors and hedge funds.

Funko Stock Up 8.3%

Shares of NASDAQ FNKO opened at $3.14 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.41 and a debt-to-equity ratio of 0.02. Funko, Inc. has a 12 month low of $2.22 and a 12 month high of $14.65. The firm has a market capitalization of $173.86 million, a PE ratio of -2.60 and a beta of 0.81. The firm has a fifty day simple moving average of $3.27 and a two-hundred day simple moving average of $3.97.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.30). Funko had a negative return on equity of 19.97% and a negative net margin of 6.72%.The business had revenue of $193.47 million during the quarter, compared to analysts’ expectations of $206.18 million. During the same quarter last year, the company posted $0.10 EPS. Funko’s revenue for the quarter was down 21.9% compared to the same quarter last year. Equities analysts expect that Funko, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FNKO shares. DA Davidson reiterated a “buy” rating and set a $7.00 price target on shares of Funko in a research report on Monday, July 28th. Wall Street Zen downgraded shares of Funko from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group decreased their target price on Funko from $5.50 to $2.50 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Funko currently has an average rating of “Hold” and an average target price of $7.17.

About Funko

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.