Funko (NASDAQ:FNKO) Trading 8.6% Higher

Funko Inc (NASDAQ:FNKO) shares traded up 8.6% on Thursday . The stock traded as high as $25.48 and last traded at $25.24. 1,536,232 shares were traded during mid-day trading, an increase of 147% from the average session volume of 622,685 shares. The stock had previously closed at $23.24.

A number of research firms have weighed in on FNKO. Zacks Investment Research cut shares of Funko from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 19th. DA Davidson began coverage on shares of Funko in a research report on Thursday, June 20th. They set a “buy” rating and a $29.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of Funko from $12.00 to $20.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. boosted their price objective on shares of Funko to $30.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, SunTrust Banks boosted their price objective on shares of Funko to $26.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $24.30.

The stock has a fifty day moving average of $21.84. The company has a current ratio of 1.94, a quick ratio of 1.31 and a debt-to-equity ratio of 0.72. The firm has a market cap of $1.23 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 1.44 and a beta of 2.17.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. The company had revenue of $166.80 million for the quarter, compared to the consensus estimate of $159.59 million. Funko had a net margin of 1.48% and a return on equity of 15.28%. Funko’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. Analysts expect that Funko Inc will post 0.95 EPS for the current fiscal year.

In other news, major shareholder Fundamental Capital Partners, sold 229,561 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $23.73, for a total transaction of $5,447,482.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Russell Eugene Nickel sold 1,155 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $25.00, for a total transaction of $28,875.00. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 522,018 shares of company stock worth $10,678,183 and have sold 635,286 shares worth $14,226,345. 16.26% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its position in shares of Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock valued at $51,000 after buying an additional 2,336 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Funko during the 1st quarter valued at approximately $85,000. Citigroup Inc. lifted its position in shares of Funko by 152.7% during the 4th quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock valued at $96,000 after buying an additional 4,402 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Funko during the 1st quarter valued at approximately $118,000. Finally, Rhumbline Advisers lifted its position in shares of Funko by 50.2% during the 4th quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock valued at $178,000 after buying an additional 4,539 shares in the last quarter. 45.92% of the stock is currently owned by institutional investors and hedge funds.

Funko Company Profile (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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