Brokerages Set Funko, Inc. (NASDAQ:FNKO) PT at $8.70

Shares of Funko, Inc. (NASDAQ:FNKO) have been assigned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $8.92.

Separately, B. Riley assumed coverage on shares of Funko in a report on Wednesday, April 10th. They issued a “buy” rating and a $10.00 target price for the company.

Funko Price Performance

Shares of NASDAQ:FNKO opened at $5.45 on Wednesday. The firm’s 50 day moving average price is $6.63 and its 200-day moving average price is $7.03. Funko has a twelve month low of $5.27 and a twelve month high of $13.42. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $289.23 million, a PE ratio of -1.69 and a beta of 1.04.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. The firm had revenue of $291.24 million for the quarter, compared to analysts’ expectations of $284.90 million. Equities research analysts expect that Funko will post -0.34 EPS for the current year.

Insider Activity

In other news, insider Tracy D. Daw sold 7,500 shares of Funko stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $6.08, for a total transaction of $45,600.00. Following the sale, the insider now owns 58,670 shares in the company, valued at $356,713.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Pendeven Yves Le sold 4,134 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $6.10, for a total value of $25,217.40. Following the sale, the chief financial officer now owns 27,983 shares in the company, valued at $170,696.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tracy D. Daw sold 7,500 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $6.08, for a total transaction of $45,600.00. Following the completion of the sale, the insider now owns 58,670 shares in the company, valued at approximately $356,713.60. The disclosure for this sale can be found here. Insiders have sold a total of 28,553 shares of company stock worth $184,207 over the last quarter. Insiders own 11.48% of the company’s stock.

Institutional Investors Weigh In On Funko

Several large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in Funko by 2.9% in the second quarter. Price T Rowe Associates Inc. MD now owns 21,338 shares of the company’s stock worth $476,000 after purchasing an additional 604 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Funko by 11.6% during the first quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the company’s stock worth $141,000 after buying an additional 850 shares during the period. Deutsche Bank AG boosted its stake in Funko by 8.1% during the fourth quarter. Deutsche Bank AG now owns 15,209 shares of the company’s stock worth $166,000 after buying an additional 1,136 shares during the period. Legal & General Group Plc boosted its stake in Funko by 9.5% during the fourth quarter. Legal & General Group Plc now owns 13,377 shares of the company’s stock worth $146,000 after buying an additional 1,156 shares during the period. Finally, American International Group Inc. boosted its stake in Funko by 11.7% during the second quarter. American International Group Inc. now owns 14,900 shares of the company’s stock worth $333,000 after buying an additional 1,556 shares during the period. Institutional investors own 99.15% of the company’s stock.

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.