Funko (NASDAQ:FNKO) shares fall after analysts downgrade

The shares of Funko, Inc. (NASDAQ:FNKO – Get Rating) fell ahead of trading on Friday after DA Davidson lowered its share price target from $50.00 to $48.00. The stock had previously closed at $26.69 but opened at $24.88. DA Davidson currently has a buy rating on the stock. Funko shares last traded at $22.81, with a volume of 40,112 shares changing hands.

Separately, JPMorgan Chase & Co. upgraded Funko’s stock from a “neutral” rating to an “overweight” rating and raised its target price for the company from $25.00 to $28.00 in a research note on Thursday. June.

Buying and selling inside information at Funko

In other Funko news, CEO Andrew Mark Perlmutter sold 41,733 shares of the company in a transaction dated Tuesday, June 28. The shares sold at an average price of $23.76 for a total value of $991,576.08. Upon completion of the sale, the CEO now owns 94,061 shares of the company, valued at approximately $2,234,889.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other Funko news, CEO Andrew Mark Perlmutter sold 41,733 shares of the company in a transaction dated Tuesday, June 28. The shares sold at an average price of $23.76 for a total value of $991,576.08. Upon completion of the sale, the CEO now owns 94,061 shares of the company, valued at approximately $2,234,889.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Additionally, source Tracy D. Daw sold 7,893 shares of the company in a transaction dated Thursday, June 23. The shares sold at an average price of $22.64, for a total transaction of $178,697.52. Upon completion of the sale, the insider now directly owns 5,326 shares of the company, valued at approximately $120,580.64. The disclosure of this sale can be found here. Insiders sold 55,148 shares of the company valued at $1,288,842 last quarter. The company’s members own 12.56% of the company’s shares.

Funko’s Institutional Trading

Several institutional investors and hedge funds have recently made changes to their positions in FNKO. Victory Capital Management Inc. raised its holdings of Funko stock by 625.6% during Q2. Victory Capital Management Inc. now owns 878,115 shares of the company worth $19,600,000 after acquiring an additional 757,101 shares during the period. Divisadero Street Capital Management LP increased its holdings of Funko shares by 345.5% during Q1. Divisadero Street Capital Management LP now owns 285,000 shares of the company worth $4,916,000 after acquiring an additional 221,032 shares during the period. Dimensional Fund Advisors LP increased its holdings of Funko stock by 47.5% during Q1. Dimensional Fund Advisors LP now owns 658,720 shares of the company worth $11,363,000 after acquiring an additional 212,113 shares during the period. North Growth Management Ltd. raised its holdings of Funko stock by 348.3% during Q4. North Growth Management Ltd. now owns 269,000 shares of the company worth $5,063,000 after acquiring an additional 209,000 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Funko by 257.0% in Q4. Renaissance Technologies LLC now owns 267,543 shares of the company valued at $5,030,000 after purchasing an additional 192,600 shares during the last quarter. Institutional investors own 66.08% of the company’s shares.

Funko stock performance

The company has a market cap of $1.09 billion, a P/E ratio of 19.48, a P/E/E ratio of 0.77 and a beta of 1.91. The company has a debt-to-equity ratio of 0.37, a rapid ratio of 1.01 and a current ratio of 1.69. The company’s 50-day moving average is $23.04 and its 200-day moving average is $19.50.

Funko (NASDAQ:FNKO – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.26 per EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $315.72 million during the quarter, compared to the consensus estimate of $292.63 million. Funko had a net margin of 4.12% and a return on equity of 18.40%. The company’s revenue grew 33.7% compared to the same quarter last year. During the same quarter of the previous year, the company earned $0.35 EPS. As a group, equity analysts predict that Funko, Inc. will report 1.68 earnings per share for the current fiscal year.

Funko company profile

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Funko, Inc, a pop culture consumer products company, designs, supplies and distributes licensed pop culture products in the United States, Europe and internationally. The company supplies vinyl, blind miniatures and action figures; fashion accessories, including bags, backpacks and wallets; clothing, such as T-shirts and hats; board games, plush products and accessories such as key chains, pens and brooches; housewares, comprising cups and other home accessories, non-fungible plugs and others.

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