Shares of Funko Inc (NASDAQ:FNKO) have been assigned an average rating of “Buy” from the nine analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $18.31.

Several equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Funko from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets increased their price objective on Funko from $8.00 to $10.50 and gave the stock a “market perform” rating in a research report on Monday, August 13th. Jefferies Financial Group reiterated a “buy” rating and issued a $23.00 price objective on shares of Funko in a research report on Friday, August 10th. Piper Jaffray Companies set a $24.00 price objective on Funko and gave the stock a “buy” rating in a research report on Thursday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on Funko from $14.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th.

In other Funko news, insider Tracy D. Daw sold 10,000 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $20.36, for a total value of $203,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Andrew Mark Perlmutter sold 55,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $20.02, for a total value of $1,101,100.00. The disclosure for this sale can be found here. Corporate insiders own 18.39% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in Funko by 22.0% in 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 in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Funko in the third quarter valued at $12,615,000. Feinberg Stephen purchased a new position in shares of Funko in the second quarter valued at $2,242,000. SG Americas Securities LLC purchased a new position in shares of Funko in the third quarter valued at $4,125,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Funko in the third quarter valued at $4,068,000. Hedge funds and other institutional investors own 38.59% of the company’s stock.

Shares of NASDAQ FNKO traded down $0.26 during mid-day trading on Tuesday, hitting $15.59. 509,993 shares of the company were exchanged, compared to its average volume of 508,995. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.55 and a quick ratio of 1.03. Funko has a 1-year low of $5.81 and a 1-year high of $31.12. The company has a market cap of $757.17 million and a PE ratio of 51.97.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Funko had a return on equity of 10.72% and a net margin of 1.55%. The firm had revenue of $176.90 million during the quarter, compared to the consensus estimate of $166.07 million. During the same period last year, the company earned $0.04 earnings per share. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. Analysts anticipate that Funko will post 0.71 earnings per share for the current fiscal year.

About Funko

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, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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Analyst Recommendations for Funko (NASDAQ:FNKO)

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