Funko, Inc. (NASDAQ:FNKO – Get Rating) insider Tracy D. Daw sold 26,800 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $22.78, for a total transaction of $610,504.00. Following the completion of the transaction, the insider now directly owns 46,730 shares of the company’s stock, valued at approximately $1,064,509.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Funko Stock Down 3.2 %
FNKO opened at $21.65 on Thursday. Funko, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 1.37. The company has a fifty day moving average of $23.01 and a two-hundred day moving average of $20.63. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 0.50 and a beta of 1.94.
Funko (NASDAQ:FNKO – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Funko had a net margin of 3.92% and a return on equity of 15.64%. The company had revenue of $315.72 million during the quarter, compared to analysts’ expectations of $292.63 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. On average, research analysts expect that Funko, Inc. will post 1.72 earnings per share for the current year.
Institutional Trading of Funko
Analysts Set New Price Targets
A number of research firms have issued reports on FNKO. JPMorgan Chase & Co. raised shares of Funko from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $28.00 in a report on Thursday, June 23rd. Bank of America raised their target price on shares of Funko from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, September 15th. DA Davidson reduced their target price on shares of Funko from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, August 5th. Finally, The Goldman Sachs Group raised their target price on shares of Funko from $23.00 to $25.50 and gave the stock a “neutral” rating in a report on Wednesday, September 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.25.
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 vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.
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