Funko Inc (NASDAQ:FNKO)’s share price was down 5.8% on Thursday following insider selling activity. The company traded as low as $21.74 and last traded at $22.01, approximately 719,382 shares traded hands during trading. An increase of 7% from the average daily volume of 669,938 shares. The stock had previously closed at $23.36.
Specifically, insider Russell Eugene Nickel sold 6,850 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $22.51, for a total transaction of $154,193.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Andrew Mark Perlmutter sold 55,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $23.01, for a total transaction of $1,265,550.00. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 476,418 shares of company stock worth $9,723,183 and have sold 1,684,516 shares worth $40,222,458. Corporate insiders own 16.26% of the company’s stock.
Several brokerages have recently commented on FNKO. Zacks Investment Research upgraded shares of Funko from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a report on Thursday. BMO Capital Markets increased their target price on shares of Funko from $21.00 to $22.00 and gave the company a “market perform” rating in a report on Monday. DA Davidson increased their target price on shares of Funko from $29.00 to $32.00 and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine downgraded shares of Funko from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Bank of America increased their target price on shares of Funko from $27.00 to $29.00 and gave the company a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Funko has an average rating of “Buy” and an average target price of $27.78.
The company’s fifty day moving average price is $23.09 and its 200 day moving average price is $21.16. The company has a market cap of $1.15 billion, a PE ratio of 32.37, a P/E/G ratio of 1.32 and a beta of 2.09. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.31.
Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, August 8th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.15. The company had revenue of $191.20 million during the quarter, compared to the consensus estimate of $170.69 million. Funko had a net margin of 2.00% and a return on equity of 17.28%. The firm’s revenue for the quarter was up 37.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. On average, analysts forecast that Funko Inc will post 1.02 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP increased its holdings in Funko by 11.9% during the fourth quarter. Two Sigma Advisers LP now owns 26,300 shares of the company’s stock worth $346,000 after buying an additional 2,788 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Funko during the second quarter worth about $3,178,000. Timpani Capital Management LLC purchased a new stake in Funko during the first quarter worth about $2,397,000. Foundry Partners LLC purchased a new stake in Funko during the second quarter worth about $1,737,000. Finally, Marshall Wace LLP purchased a new stake in Funko during the first quarter worth about $4,597,000. Institutional investors and hedge funds own 46.64% of the company’s stock.
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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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