Funko (NASDAQ:FNKO) Receives Buy Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of Funko (NASDAQ:FNKOFree Report) in a research note issued to investors on Monday, Benzinga reports. DA Davidson currently has a $10.50 target price on the stock.

Separately, B. Riley raised their target price on shares of Funko from $10.00 to $11.00 and gave the stock a buy rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $9.08.

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Funko Stock Up 6.8 %

Shares of Funko stock opened at $7.70 on Monday. Funko has a 1 year low of $5.27 and a 1 year high of $13.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87. The business has a 50 day moving average price of $6.22 and a 200 day moving average price of $6.86.

Funko (NASDAQ:FNKOGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.10. The business had revenue of $215.70 million for the quarter, compared to the consensus estimate of $218.26 million. Funko had a negative return on equity of 16.76% and a negative net margin of 11.46%. On average, equities research analysts anticipate that Funko will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Pendeven Yves Le sold 4,134 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 27,983 shares in the company, valued at $170,696.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Funko news, insider Tracy D. Daw sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $6.08, for a total value of $45,600.00. Following the completion of the transaction, the insider now owns 58,670 shares in the company, valued at approximately $356,713.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Pendeven Yves Le sold 4,134 shares of Funko stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $6.10, for a total transaction of $25,217.40. Following the sale, the chief financial officer now directly owns 27,983 shares in the company, valued at approximately $170,696.30. The disclosure for this sale can be found here. Insiders sold 34,972 shares of company stock worth $223,485 over the last three months. 4.81% of the stock is owned by insiders.

Institutional Trading of Funko

A number of hedge funds and other institutional investors have recently made changes to their positions in FNKO. BNP Paribas Financial Markets grew its holdings in Funko by 3.7% during the 1st quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock worth $414,000 after acquiring an additional 2,342 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Funko by 6.2% during the third quarter. Principal Financial Group Inc. now owns 40,578 shares of the company’s stock worth $310,000 after purchasing an additional 2,384 shares during the last quarter. Strs Ohio acquired a new position in Funko in the third quarter worth about $25,000. Quarry LP acquired a new position in Funko in the fourth quarter worth about $34,000. Finally, Tower Research Capital LLC TRC increased its holdings in Funko by 145.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock valued at $63,000 after buying an additional 4,861 shares during the last quarter. Institutional investors own 99.15% of the company’s stock.

About Funko

(Get Free Report)

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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Analyst Recommendations for Funko (NASDAQ:FNKO)

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