Funko Inc (NASDAQ:FNKO) insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $20.36, for a total transaction of $203,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
NASDAQ FNKO traded up $1.18 during trading hours on Friday, hitting $18.61. The company’s stock had a trading volume of 1,456,612 shares, compared to its average volume of 506,781. Funko Inc has a twelve month low of $5.81 and a twelve month high of $31.12. The firm has a market capitalization of $1.14 billion and a P/E ratio of 62.03. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.55 and a quick ratio of 1.03.
Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Funko had a net margin of 2.70% and a return on equity of 9.68%. The business had revenue of $138.70 million for the quarter, compared to analyst estimates of $122.54 million. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. Sell-side analysts expect that Funko Inc will post 0.69 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the business. Northern Trust Corp increased its stake in Funko by 5.5% in the second quarter. Northern Trust Corp now owns 112,365 shares of the company’s stock valued at $1,410,000 after purchasing an additional 5,849 shares in the last quarter. Millennium Management LLC increased its position in shares of Funko by 213.2% during the second quarter. Millennium Management LLC now owns 84,409 shares of the company’s stock worth $1,059,000 after acquiring an additional 57,455 shares in the last quarter. PEAK6 Investments L.P. increased its position in shares of Funko by 187.5% during the second quarter. PEAK6 Investments L.P. now owns 49,036 shares of the company’s stock worth $615,000 after acquiring an additional 31,982 shares in the last quarter. Bank of America Corp DE increased its position in shares of Funko by 51.9% during the second quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock worth $123,000 after acquiring an additional 3,348 shares in the last quarter. Finally, Feinberg Stephen bought a new stake in shares of Funko during the second quarter worth $2,242,000. 37.57% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have commented on FNKO shares. Bank of America boosted their price target on shares of Funko from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, July 12th. Zacks Investment Research lowered shares of Funko from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Piper Jaffray Companies set a $24.00 price objective on shares of Funko and gave the company a “buy” rating in a report on Thursday, August 9th. Jefferies Financial Group restated a “buy” rating and issued a $23.00 price objective on shares of Funko in a report on Friday, August 10th. Finally, Goldman Sachs Group lowered shares of Funko from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Monday, July 16th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $18.72.
Funko Company Profile
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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