Funko (FNKO) Trading Up 8.8%

Funko Inc (NASDAQ:FNKO)’s share price was up 8.8% on Wednesday . The company traded as high as $16.26 and last traded at $16.25. Approximately 612,955 shares were traded during trading, an increase of 47% from the average daily volume of 416,443 shares. The stock had previously closed at $14.94.

A number of equities analysts have weighed in on FNKO shares. Jefferies Financial Group set a $23.00 price target on shares of Funko and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Zacks Investment Research raised shares of Funko from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Friday, October 5th. Piper Jaffray Companies set a $24.00 price target on shares of Funko and gave the stock a “buy” rating in a research note on Wednesday, November 21st. Finally, BMO Capital Markets raised their price target on shares of Funko from $10.50 to $12.00 and gave the company a “market perform” rating in a report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Funko has a consensus rating of “Buy” and an average price target of $19.88.

The stock has a market capitalization of $785.95 million, a PE ratio of 53.87, a PEG ratio of 0.98 and a beta of 2.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.99 and a current ratio of 1.48.



Funko (NASDAQ:FNKO) last released its earnings results on Thursday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $176.90 million for the quarter, compared to the consensus estimate of $166.07 million. Funko had a net margin of 1.55% and a return on equity of 10.69%. The company’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. Equities research analysts expect that Funko Inc will post 0.56 earnings per share for the current year.

In other news, President Andrew Mark Perlmutter sold 30,000 shares of the stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $15.02, for a total value of $450,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 18.39% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its holdings in Funko by 18.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 19,400 shares of the company’s stock valued at $244,000 after purchasing an additional 3,000 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Funko by 4.4% in the second quarter. BlackRock Inc. now owns 560,360 shares of the company’s stock valued at $7,033,000 after purchasing an additional 23,584 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in Funko during the second quarter worth approximately $138,000. Bank of America Corp DE grew its holdings in Funko by 51.9% during the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after purchasing an additional 3,348 shares in the last quarter. Finally, PEAK6 Investments L.P. lifted its position in shares of Funko by 187.5% in the 2nd quarter. PEAK6 Investments L.P. now owns 49,036 shares of the company’s stock worth $615,000 after buying an additional 31,982 shares during the last quarter. Institutional investors own 40.35% of the company’s stock.

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About Funko (NASDAQ:FNKO)

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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