The Goldman Sachs Group lowered shares of Funko (NASDAQ:FNKO – Get Rating) from a neutral rating to a sell rating in a research report released on Tuesday, MarketBeat Ratings reports. They currently have $8.50 price objective on the stock, down from their prior price objective of $22.00.
Other analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered Funko from an overweight rating to a neutral rating and decreased their price objective for the stock from $32.00 to $16.00 in a report on Friday, November 4th. DA Davidson lowered their target price on shares of Funko from $48.00 to $20.00 and set a buy rating on the stock in a research note on Friday, November 4th. Truist Financial cut shares of Funko from a buy rating to a hold rating and cut their price target for the stock from $26.00 to $13.00 in a research note on Friday, November 4th. BMO Capital Markets lowered their price objective on Funko from $22.00 to $10.00 and set a market perform rating on the stock in a research note on Monday, November 7th. Finally, Bank of America downgraded Funko from a buy rating to a neutral rating and cut their target price for the stock from $35.00 to $9.00 in a research report on Monday, November 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Funko presently has an average rating of Hold and a consensus price target of $12.79.
Get
Funko alerts:
Funko Stock Performance
FNKO opened at $11.99 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 1.38 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average price is $10.79 and its two-hundred day moving average price is $16.88. The firm has a market capitalization of $605.26 million, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. Funko has a 12-month low of $7.60 and a 12-month high of $27.79.
Funko (NASDAQ:FNKO – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.23). The company had revenue of $365.61 million during the quarter, compared to analyst estimates of $317.16 million. Funko had a return on equity of 13.55% and a net
margin of 3.46%. On average, equities analysts forecast that Funko will post 0.56 earnings per share for the current year.
Insider Buying and Selling at Funko
In other news, CEO Andrew Mark Perlmutter sold 14,302 shares of the stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $11.87, for a total transaction of $169,764.74. Following the sale, the chief executive officer now owns 108,363 shares in the company, valued at $1,286,268.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Funko news, CEO Andrew Mark Perlmutter sold 14,302 shares of the business's stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $11.87, for a total value of $169,764.74. Following the completion of the transaction, the chief executive officer now directly owns 108,363 shares of the company's stock, valued at $1,286,268.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tracy D. Daw sold 6,136 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $12.00, for a total transaction of $73,632.00. Following the sale, the insider now directly owns 40,594 shares in the company, valued at $487,128. The disclosure for this sale can be found here. Corporate insiders own 12.56% of the company's stock.
Institutional Investors Weigh In On Funko
A number of institutional investors and hedge funds have recently made changes to their positions in the company. TCG Capital Management LP acquired a new stake in Funko in the fourth quarter worth about $136,599,000. BlackRock Inc. grew its position in shares of Funko by 7.0% during the 3rd quarter. BlackRock Inc. now owns 2,094,432 shares of the company's stock worth $42,350,000 after buying an additional 137,508 shares during the period. Victory Capital Management Inc. raised its stake in shares of Funko by 50.9% during the third quarter. Victory Capital Management Inc. now owns 1,325,305 shares of the company's stock worth $26,798,000 after buying an additional 447,190 shares during the last quarter. Alta Fox Capital Management LLC lifted its holdings in Funko by 56.0% in the third quarter. Alta Fox Capital Management LLC now owns 1,185,054 shares of the company's stock valued at $23,962,000 after buying an additional 425,633 shares during the period. Finally, Bayberry Capital Partners LP boosted its stake in Funko by 88.8% in the third quarter. Bayberry Capital Partners LP now owns 1,180,000 shares of the company's stock valued at $23,860,000 after acquiring an additional 555,000 shares during the last quarter. Institutional investors own 59.78% of the company's stock.
About Funko
(Get Rating)
Funko, Inc engages in designing, sourcing and distribution of licensed pop culture products. Its product lines include media and entertainment content, which comprises movies, TV shows, video games, music and sports. The company was founded in 1998 and is headquartered in Everett, WA.
Featured Articles
- Get a free copy of the StockNews.com research report on Funko (FNKO)
- Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
- Mullen Automotive Stock Gains Momentum On Positive News
- Harley-Davidson Inc. Stock, Is It Time To Buy?
- The Bottom Is In For Meta Platforms, Volatility Is Not Over
- Analyzing Alaska Air's Recent Earnings
Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.
