Funko, Inc. (NASDAQ:FNKO – Get Free Report)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $13.73, but opened at $13.32. Funko shares last traded at $13.80, with a volume of 39,998 shares changing hands.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on FNKO shares. DA Davidson reaffirmed a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday, January 2nd. Stifel Nicolaus raised their price target on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd.
Check Out Our Latest Stock Analysis on FNKO
Funko Stock Performance
Funko (NASDAQ:FNKO – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.06. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. The firm had revenue of $292.77 million for the quarter, compared to analysts’ expectations of $289.47 million. During the same quarter last year, the company posted $0.05 EPS. Analysts predict that Funko, Inc. will post -0.13 EPS for the current fiscal year.
Insider Activity at Funko
In other Funko news, insider Andrew David Oddie sold 27,712 shares of Funko stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total value of $378,823.04. Following the transaction, the insider now directly owns 20,186 shares of the company’s stock, valued at $275,942.62. The trade was a 57.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $10.40, for a total value of $1,008,800.00. Following the sale, the director now directly owns 11,613 shares of the company’s stock, valued at approximately $120,775.20. This trade represents a 89.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,720 shares of company stock valued at $1,576,493. Corporate insiders own 4.81% of the company’s stock.
Institutional Investors Weigh In On Funko
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Funko by 5,486.5% during the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock worth $10,133,000 after purchasing an additional 814,357 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Funko in the 2nd quarter valued at approximately $1,138,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Funko during the third quarter valued at approximately $860,000. FMR LLC grew its stake in Funko by 1,541.0% in the third quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after purchasing an additional 54,136 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Funko by 50.0% during the 3rd quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock valued at $1,196,000 after buying an additional 32,598 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.
Funko Company Profile
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.
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