Stifel Nicolaus Increases Funko (NASDAQ:FNKO) Price Target to $28.00

Funko (NASDAQ:FNKO) had its price target raised by Stifel Nicolaus from $27.00 to $28.00 in a research report report published on Monday, BenzingaRatingsTable reports. The firm currently has a buy rating on the stock.

FNKO has been the topic of several other reports. Zacks Investment Research cut shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Monday, May 6th. DA Davidson began coverage on shares of Funko in a report on Thursday, June 20th. They set a buy rating and a $29.00 target price on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $26.50.

Shares of Funko stock opened at $23.97 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.31 and a debt-to-equity ratio of 0.72. Funko has a 1 year low of $11.22 and a 1 year high of $31.12. The business’s 50-day simple moving average is $22.16. The company has a market cap of $1.15 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.34 and a beta of 2.10.

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

In other news, major shareholder Fundamental Capital Partners, sold 269,500 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $21.15, for a total value of $5,699,925.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tracy D. Daw sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $20.13, for a total transaction of $201,300.00. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 522,018 shares of company stock worth $10,678,183 and sold 837,932 shares worth $19,209,696. 16.26% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in FNKO. Rhumbline Advisers raised its position in Funko by 50.2% during the fourth quarter. Rhumbline Advisers now owns 13,573 shares of the company’s stock valued at $178,000 after purchasing an additional 4,539 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Funko by 24.7% during the fourth quarter. First Trust Advisors LP now owns 18,725 shares of the company’s stock worth $246,000 after buying an additional 3,705 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Funko by 54.9% during the fourth quarter. Bank of New York Mellon Corp now owns 47,884 shares of the company’s stock worth $630,000 after buying an additional 16,964 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Funko by 152.7% during the fourth quarter. Citigroup Inc. now owns 7,284 shares of the company’s stock worth $96,000 after buying an additional 4,402 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in shares of Funko by 27.1% during the fourth quarter. GSA Capital Partners LLP now owns 20,706 shares of the company’s stock worth $272,000 after buying an additional 4,416 shares in the last quarter. Institutional investors and hedge funds own 45.92% 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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Analyst Recommendations for Funko (NASDAQ:FNKO)

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