Funko (NASDAQ:FNKO - Get Free Report) had its price target lifted by equities researchers at Stifel Nicolaus from $9.00 to $10.50 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Stifel Nicolaus' target price indicates a potential downside of 13.72% from the company's previous close.
Other equities analysts have also recently issued reports about the stock. DA Davidson reiterated a "buy" rating and set a $12.00 price objective on shares of Funko in a research report on Friday, August 9th. B. Riley upped their price target on shares of Funko from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, September 12th.
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NASDAQ FNKO traded down $0.04 on Tuesday, hitting $12.17. 73,271 shares of the company's stock were exchanged, compared to its average volume of 514,953. The stock has a 50-day moving average of $11.16 and a 200-day moving average of $9.36. The stock has a market cap of $652.30 million, a price-to-earnings ratio of -4.87 and a beta of 1.20. Funko has a 52 week low of $5.36 and a 52 week high of $12.61. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49.
Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.25. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The business had revenue of $247.70 million for the quarter, compared to analyst estimates of $231.04 million. During the same period last year, the firm posted ($0.53) earnings per share. Funko's revenue was up 3.2% compared to the same quarter last year. Analysts expect that Funko will post -0.21 earnings per share for the current year.
In related news, insider Tracy D. Daw sold 10,000 shares of Funko stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $12.00, for a total transaction of $120,000.00. Following the sale, the insider now directly owns 6,362 shares in the company, valued at $76,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the sale, the insider now owns 40,372 shares of the company's stock, valued at approximately $485,675.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tracy D. Daw sold 10,000 shares of Funko stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $12.00, for a total value of $120,000.00. Following the completion of the transaction, the insider now directly owns 6,362 shares in the company, valued at approximately $76,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,805 shares of company stock valued at $415,169 over the last quarter. 4.81% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in shares of Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company's stock worth $34,609,000 after buying an additional 619,114 shares during the period. Marshall Wace LLP boosted its position in Funko by 160.1% during the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company's stock valued at $10,375,000 after acquiring an additional 654,359 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Funko during the 2nd quarter worth about $6,996,000. American Century Companies Inc. raised its position in shares of Funko by 81.1% in the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company's stock worth $2,441,000 after acquiring an additional 112,007 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Funko in the 2nd quarter valued at about $1,138,000. Institutional investors own 99.15% of the company's stock.
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.
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