Funko, Inc. (NASDAQ:FNKO) Stock Has Average Price Target of $7.08 According to Analysts

Shares of Funko, Inc. (NASDAQ:FNKO) have received an average recommendation of “Hold” from the four brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $7.08.

Several research analysts have weighed in on FNKO shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.75 price target on shares of Funko in a report on Monday, August 10th. DA Davidson upped their target price on shares of Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Funko to a “hold” rating in a research note on Wednesday, August 26th. Wall Street Zen upgraded Funko from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Finally, Seaport Research Partners initiated coverage on shares of Funko in a research report on Monday, August 24th. They set a “buy” rating and a $8.00 price target on the stock.

Funko Price Performance

Shares of FNKO opened at $6.83 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. The firm has a market cap of $382.00 million, a PE ratio of 70.35 and a beta of 0.95. The firm’s 50 day moving average price is $6.06 and its 200 day moving average price is $5.50. Funko has a twelve month low of $2.72 and a twelve month high of $7.35.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.47. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%. The company had revenue of $207.72 million during the quarter, compared to the consensus estimate of $200.96 million. As a group, research analysts expect that Funko will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Funko

In other news, CFO Pendeven Le sold 35,907 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $6.51, for a total value of $233,754.57. Following the transaction, the chief financial officer directly owned 35,907 shares of the company’s stock, valued at approximately $233,754.57. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Josh Simon sold 181,893 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $5.79, for a total value of $1,053,160.47. Following the sale, the chief executive officer owned 151,440 shares in the company, valued at $876,837.60. This trade represents a 54.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 228,662 shares of company stock worth $1,363,086 over the last ninety days. Company insiders own 3.88% of the company’s stock.

Institutional Investors Weigh In On Funko

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp increased its holdings in Funko by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 103,125 shares of the company’s stock valued at $325,000 after buying an additional 4,607 shares in the last quarter. Empowered Funds LLC grew its stake in Funko by 10.3% during the 1st quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock valued at $704,000 after acquiring an additional 20,882 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Funko in the 1st quarter valued at about $137,000. SEB Asset Management AB purchased a new position in Funko during the first quarter worth approximately $235,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Funko during the second quarter worth $494,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

About Funko

Funko, Inc is a consumer products company that designs, sources and sells licensed and original pop-culture collectibles and merchandise. Its best-known product is the Pop! vinyl figure, which features characters from movies, television, video games, sports and other entertainment properties. The company also offers plush products, action figures, accessories, apparel, home goods and games.

Funko’s portfolio includes brands such as Pop!, Loungefly and Mondo. Loungefly focuses on licensed bags, wallets, accessories and other lifestyle products, while Mondo is known for premium collectibles, posters, apparel and related merchandise.