Funko (NASDAQ:FNKO) Issues Earnings Results

Funko (NASDAQ:FNKO) released its earnings results on Thursday. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01, FiscalAI reports. Funko had a negative return on equity of 23.66% and a negative net margin of 7.39%.The business had revenue of $273.10 million for the quarter, compared to the consensus estimate of $260.71 million.

Funko Stock Performance

Shares of Funko stock traded down $0.19 during trading hours on Thursday, reaching $4.30. 961,113 shares of the stock traded hands, compared to its average volume of 1,134,787. Funko has a one year low of $2.22 and a one year high of $7.84. The firm has a market capitalization of $238.18 million, a price-to-earnings ratio of -3.39 and a beta of 0.52. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $4.10 and a 200 day moving average price of $3.54.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on FNKO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research report on Thursday, January 22nd. Wall Street Zen raised shares of Funko from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.75.

Institutional Trading of Funko

Large investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in Funko by 1.9% during the fourth quarter. Invesco Ltd. now owns 143,809 shares of the company’s stock valued at $489,000 after buying an additional 2,717 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Funko by 2.5% during the 4th quarter. Russell Investments Group Ltd. now owns 119,879 shares of the company’s stock worth $408,000 after acquiring an additional 2,930 shares during the last quarter. Rhumbline Advisers grew its position in shares of Funko by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 49,431 shares of the company’s stock valued at $235,000 after acquiring an additional 3,697 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Funko by 14.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,276 shares of the company’s stock valued at $175,000 after acquiring an additional 6,500 shares during the period. Finally, Caption Management LLC increased its stake in shares of Funko by 8.8% in the 2nd quarter. Caption Management LLC now owns 82,500 shares of the company’s stock worth $393,000 after purchasing an additional 6,676 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.