Funko, Inc. (NASDAQ:FNKO - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $12.54 and last traded at $12.48, with a volume of 24453 shares trading hands. The stock had previously closed at $12.40.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. B. Riley raised their price objective on Funko from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, September 12th. Stifel Nicolaus lifted their price target on shares of Funko from $8.00 to $9.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. Finally, DA Davidson reissued a "buy" rating and set a $12.00 price objective on shares of Funko in a research note on Friday, August 9th.
Check Out Our Latest Stock Analysis on Funko
Funko Trading Up 0.4 %
The company has a market cap of $667.31 million, a P/E ratio of -4.96 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. The stock's 50 day moving average is $10.56 and its 200-day moving average is $8.93.
Funko (NASDAQ:FNKO - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.25. The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The business's revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.53) earnings per share. Research analysts anticipate that Funko, Inc. will post -0.21 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Michael C. Lunsford sold 7,361 shares of Funko stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the sale, the director now owns 108,613 shares of the company's stock, valued at $1,305,528.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Michael C. Lunsford sold 5,900 shares of Funko stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $9.55, for a total transaction of $56,345.00. Following the transaction, the director now directly owns 98,974 shares in the company, valued at approximately $945,201.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael C. Lunsford sold 7,361 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the sale, the director now owns 108,613 shares of the company's stock, valued at $1,305,528.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,035,805 shares of company stock valued at $18,215,169 in the last ninety days. 4.81% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Funko
Large investors have recently bought and sold shares of the business. Bayberry Capital Partners LP raised its holdings in shares of Funko by 48.1% in the fourth quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company's stock worth $7,328,000 after buying an additional 308,000 shares during the period. Quarry LP purchased a new stake in shares of Funko during the fourth quarter valued at $34,000. Virtu Financial LLC acquired a new position in shares of Funko in the fourth quarter valued at about $177,000. BNP Paribas Financial Markets raised its position 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 buying an additional 2,342 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in Funko in the first quarter valued at $656,000. 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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