ValuEngine Downgrades Funko (NASDAQ:FNKO) to Sell

Funko (NASDAQ:FNKO) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

A number of other equities analysts have also commented on FNKO. DA Davidson began coverage on shares of Funko in a report on Thursday, June 20th. They issued a “buy” rating and a $29.00 price target on the stock. Stifel Nicolaus increased their price target on shares of Funko from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, Zacks Investment Research raised shares of Funko from a “sell” rating to a “hold” rating and set a $25.00 price target on the stock in a report on Monday, May 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.50.

Shares of NASDAQ:FNKO traded down $1.79 during trading on Thursday, reaching $22.59. The company had a trading volume of 774,504 shares, compared to its average volume of 616,141. The company has a fifty day moving average price of $23.07. The stock has a market cap of $1.10 billion, a PE ratio of 33.22, a P/E/G ratio of 1.43 and a beta of 2.10. Funko has a 12 month low of $11.22 and a 12 month high of $31.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.31.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $159.59 million. Funko had a net margin of 1.48% and a return on equity of 15.28%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 EPS. As a group, equities research analysts predict that Funko will post 0.95 EPS for the current year.

In related news, major shareholder Fundamental Capital Partners, sold 269,500 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $21.15, for a total transaction of $5,699,925.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Brian Richard Mariotti sold 50,000 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $21.17, for a total transaction of $1,058,500.00. The disclosure for this sale can be found here. In the last three months, insiders bought 522,018 shares of company stock worth $10,678,183 and sold 1,100,700 shares worth $25,683,336. 16.26% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Spark Investment Management LLC grew its holdings in shares of Funko by 10.2% during the 1st quarter. Spark Investment Management LLC now owns 544,570 shares of the company’s stock valued at $11,828,000 after purchasing an additional 50,470 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Funko during the 1st quarter valued at $4,597,000. Hennessy Advisors Inc. bought a new position in shares of Funko during the 2nd quarter valued at $3,178,000. Geode Capital Management LLC grew its holdings in shares of Funko by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 120,447 shares of the company’s stock valued at $1,583,000 after purchasing an additional 5,052 shares during the last quarter. Finally, Timpani Capital Management LLC bought a new position in shares of Funko during the 1st quarter valued at $2,397,000. 46.70% of the stock is currently owned by institutional investors.

Funko Company Profile

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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