Funko (FNKO) Upgraded to Hold by Zacks Investment Research

Funko (NASDAQ:FNKO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

According to Zacks, “Funko, Inc. is a pop culture consumer products company. It offers figures, plush, apparel, toys, vinyl, bags, wallets, homewares and accessories under Mystery Minis, Dorbz., Pint Size Heroes., Rock Candy., Galactic or Hero Plushies., SuperCute., MyMoji. and Loungefly brands. The company sells its products through specialty retailers, mass-market retailers and e-commerce sites. Funko, Inc. is headquartered in Everett, Washington. “

A number of other research analysts also recently commented on FNKO. BMO Capital Markets upped their price objective on Funko from $12.00 to $20.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. upped their price objective on Funko to $30.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. SunTrust Banks upped their price objective on Funko to $26.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Jefferies Financial Group upped their price objective on Funko to $27.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Piper Jaffray Companies set a $21.00 price objective on Funko and gave the stock a “buy” rating in a research note on Monday, January 14th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Funko has an average rating of “Buy” and a consensus price target of $23.00.

FNKO traded up $0.81 during trading on Monday, reaching $21.32. 1,218,950 shares of the company were exchanged, compared to its average volume of 568,893. The company has a market cap of $999.86 million, a P/E ratio of 31.35, a PEG ratio of 1.28 and a beta of 2.48. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.89 and a quick ratio of 1.26. Funko has a 52 week low of $9.03 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.08. The firm had revenue of $166.80 million during the quarter, compared to the consensus estimate of $159.59 million. Funko had a return on equity of 15.52% and a net margin of 1.48%. The firm’s revenue was up 21.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 EPS. As a group, research analysts anticipate that Funko will post 0.93 earnings per share for the current year.

In other Funko news, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $20.13, for a total transaction of $201,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Richard L. Mcnally sold 150,000 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $18.09, for a total value of $2,713,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,523,567 shares of company stock valued at $30,713,972 in the last quarter. 18.39% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in FNKO. BNP Paribas Arbitrage SA boosted its position in Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after acquiring an additional 2,336 shares during the period. Sun Life Financial INC acquired a new stake in shares of Funko in the fourth quarter valued at $61,000. Citigroup Inc. lifted its holdings in shares of Funko by 152.7% in the fourth quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock valued at $96,000 after buying an additional 4,402 shares during the period. Chicago Equity Partners LLC acquired a new stake in shares of Funko in the fourth quarter valued at $160,000. Finally, Rhumbline Advisers lifted its holdings in shares of Funko by 50.2% in the fourth quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock valued at $178,000 after buying an additional 4,539 shares during the period. Institutional investors own 40.70% of the company’s stock.

About Funko

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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