Funko, Inc. (NASDAQ:FNKO - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $13.73, but opened at $13.32. Funko shares last traded at $13.80, with a volume of 39,998 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Stifel Nicolaus raised their target price on Funko from $11.00 to $12.00 and gave the company a "hold" rating in a report on Friday, January 3rd. DA Davidson reissued a "buy" rating and issued a $16.00 target price on shares of Funko in a report on Thursday, January 2nd.
Get Our Latest Stock Analysis on FNKO
Funko Trading Up 0.9 %
The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $12.56 and a 200 day moving average price of $11.38. The company has a market cap of $750.66 million, a price-to-earnings ratio of -28.89 and a beta of 1.16.
Funko (NASDAQ:FNKO - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.06. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The firm had revenue of $292.77 million during the quarter, compared to the consensus estimate of $289.47 million. During the same period in the prior year, the business earned $0.05 EPS. As a group, sell-side analysts forecast that Funko, Inc. will post -0.13 EPS for the current year.
Insider Buying and Selling
In related news, insider Tracy D. Daw sold 14,650 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the completion of the sale, the insider now directly owns 6,362 shares of the company's stock, valued at approximately $79,843.10. This represents a 69.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the sale, the director now directly owns 11,613 shares of the company's stock, valued at $120,775.20. This trade represents a 89.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,720 shares of company stock valued at $1,576,493 over the last quarter. Corporate insiders own 4.81% of the company's stock.
Institutional Investors Weigh In On Funko
Several large investors have recently made changes to their positions in FNKO. JPMorgan Chase & Co. increased its holdings in shares of Funko by 5,486.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company's stock valued at $10,133,000 after acquiring an additional 814,357 shares during the last quarter. FMR LLC grew its holdings in Funko by 1,541.0% during the third quarter. FMR LLC now owns 57,649 shares of the company's stock valued at $704,000 after purchasing an additional 54,136 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Funko in the third quarter valued at approximately $860,000. Quest Partners LLC lifted its stake in shares of Funko by 160.9% in the third quarter. Quest Partners LLC now owns 6,559 shares of the company's stock worth $80,000 after buying an additional 4,045 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Funko during the 3rd quarter worth $196,000. Institutional investors own 99.15% of the company's stock.
Funko Company Profile
(
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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