Funko (NASDAQ:FNKO) Stock Rating Upgraded by Wall Street Zen

Funko (NASDAQ:FNKO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities analysts have also weighed in on FNKO. The Goldman Sachs Group restated a “neutral” rating and issued a $6.75 price objective on shares of Funko in a report on Monday, August 10th. DA Davidson increased their target price on Funko from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Funko in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $7.08.

Funko Price Performance

NASDAQ:FNKO opened at $6.14 on Friday. The firm has a market cap of $343.41 million, a P/E ratio of -153.46 and a beta of 0.93. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. Funko has a fifty-two week low of $2.59 and a fifty-two week high of $7.04. The firm has a 50-day simple moving average of $5.67 and a two-hundred day simple moving average of $4.80.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.47. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. The business had revenue of $207.72 million during the quarter, compared to analysts’ expectations of $200.96 million.

Institutional Trading of Funko

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its holdings in shares of Funko by 95.3% during the first quarter. Royal Bank of Canada now owns 32,345 shares of the company’s stock valued at $222,000 after purchasing an additional 15,782 shares during the last quarter. AQR Capital Management LLC lifted its position in Funko by 343.6% during the first quarter. AQR Capital Management LLC now owns 340,130 shares of the company’s stock valued at $2,333,000 after purchasing an additional 263,451 shares during the period. Jane Street Group LLC boosted its holdings in Funko by 296.6% in the first quarter. Jane Street Group LLC now owns 74,124 shares of the company’s stock worth $508,000 after purchasing an additional 55,436 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Funko by 5.4% in the second quarter. Geode Capital Management LLC now owns 867,243 shares of the company’s stock worth $4,129,000 after purchasing an additional 44,448 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Funko by 5,627.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 900,360 shares of the company’s stock worth $4,286,000 after purchasing an additional 884,639 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.