Funko Inc (NASDAQ:FNKO) insider Russell Eugene Nickel sold 6,850 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $22.51, for a total value of $154,193.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Funko stock traded up $0.03 during trading on Wednesday, reaching $21.52. 275,900 shares of the stock traded hands, compared to its average volume of 601,223. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 1.24 and a beta of 2.15. The company has a quick ratio of 1.31, a current ratio of 1.94 and a debt-to-equity ratio of 0.72. Funko Inc has a 52-week low of $11.03 and a 52-week high of $31.12.
Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.08. The firm had revenue of $166.80 million during the quarter, compared to analyst estimates of $159.59 million. Funko had a return on equity of 15.28% and a net margin of 1.48%. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.03 earnings per share. On average, equities analysts expect that Funko Inc will post 0.95 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Funko from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 19th. BMO Capital Markets raised their price target on Funko from $12.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, March 1st. JPMorgan Chase & Co. raised their price target on Funko to $30.00 and gave the company an “overweight” rating in a report on Friday, March 1st. SunTrust Banks raised their price target on Funko to $26.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Jefferies Financial Group raised their price target on Funko to $27.00 and gave the company a “buy” rating in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $23.78.
Institutional investors have recently modified their holdings of the company. Advisor Group Inc. grew its position in shares of Funko by 117.6% during the first quarter. Advisor Group Inc. now owns 2,176 shares of the company’s stock valued at $47,000 after purchasing an additional 1,176 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Funko by 58,400.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock valued at $51,000 after purchasing an additional 2,336 shares in the last quarter. Sun Life Financial INC purchased a new position in shares of Funko during the fourth quarter valued at about $61,000. Metropolitan Life Insurance Co NY purchased a new position in shares of Funko during the first quarter valued at about $85,000. Finally, Citigroup Inc. grew its position in shares of Funko by 152.7% during the fourth quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock valued at $96,000 after purchasing an additional 4,402 shares in the last quarter. Hedge funds and other institutional investors own 45.92% of the company’s stock.
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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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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