Funko (NASDAQ:FNKO) Trading Down 5.8%

Funko, Inc. (NASDAQ:FNKO) fell 5.8% on Thursday . The company traded as low as $9.64 and last traded at $9.64. 94,181 shares traded hands during trading, a decline of 82% from the average session volume of 527,119 shares. The stock had previously closed at $10.23.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. B. Riley raised their price objective on Funko from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Stifel Nicolaus raised their price target on Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, DA Davidson reiterated a “buy” rating and issued a $12.00 price objective on shares of Funko in a research report on Friday, August 9th.

Funko Trading Down 1.0 %

The firm has a market capitalization of $515.09 million, a price-to-earnings ratio of -3.83 and a beta of 1.18. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average is $9.61 and its 200 day moving average is $8.17.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.25. The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $231.04 million. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.53) EPS. Equities analysts predict that Funko, Inc. will post -0.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael C. Lunsford sold 5,900 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the completion of the transaction, the director now owns 98,974 shares in the company, valued at $945,201.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Michael C. Lunsford sold 5,900 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $9.55, for a total transaction of $56,345.00. Following the sale, the director now owns 98,974 shares in the company, valued at $945,201.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $8.90, for a total value of $17,800,000.00. Following the transaction, the insider now directly owns 5,129,838 shares of the company’s stock, valued at $45,655,558.20. The disclosure for this sale can be found here. Insiders sold a total of 2,044,014 shares of company stock valued at $18,225,902 in the last quarter. 4.81% of the stock is currently owned by insiders.

Institutional Trading of Funko

Several institutional investors and hedge funds have recently bought and sold shares of FNKO. California State Teachers Retirement System grew its stake in Funko by 4.5% in the 1st quarter. California State Teachers Retirement System now owns 33,179 shares of the company’s stock valued at $207,000 after buying an additional 1,414 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Funko by 3.7% in the first quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock valued at $414,000 after purchasing an additional 2,342 shares during the last quarter. Quest Partners LLC bought a new position in shares of Funko during the second quarter worth approximately $25,000. Price T Rowe Associates Inc. MD lifted its holdings in Funko by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,335 shares of the company’s stock worth $246,000 after purchasing an additional 2,689 shares during the last quarter. Finally, Quarry LP bought a new stake in Funko in the 4th quarter valued at $34,000. Institutional investors own 99.15% 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, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.