DA Davidson Equities Analysts Raise Earnings Estimates for Funko, Inc. (NASDAQ:FNKO)

Funko, Inc. (NASDAQ:FNKO) – Analysts at DA Davidson raised their Q3 2024 EPS estimates for Funko in a note issued to investors on Thursday, August 15th. DA Davidson analyst L. Weiser now anticipates that the company will post earnings of $0.05 per share for the quarter, up from their previous estimate of ($0.01). DA Davidson currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Funko’s current full-year earnings is ($0.27) per share. DA Davidson also issued estimates for Funko’s FY2025 earnings at $0.30 EPS.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.24. The company had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $231.04 million. Funko had a negative return on equity of 16.76% and a negative net margin of 11.46%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.53) EPS.

Several other analysts also recently commented on FNKO. B. Riley upped their price objective on shares of Funko from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, May 10th. Stifel Nicolaus upped their price target on shares of Funko from $8.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, July 25th.

Funko Price Performance

Shares of NASDAQ FNKO opened at $9.87 on Monday. Funko has a 52 week low of $5.33 and a 52 week high of $10.53. The business’s 50 day moving average price is $9.51 and its 200 day moving average price is $7.91. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 0.54. The firm has a market cap of $529.02 million, a P/E ratio of -3.93 and a beta of 1.18.

Insider Activity

In related news, insider Andrew David Oddie sold 16,719 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $10.09, for a total transaction of $168,694.71. Following the sale, the insider now directly owns 40,372 shares of the company’s stock, valued at $407,353.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Michael C. Lunsford sold 5,900 shares of Funko stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $9.55, for a total value of $56,345.00. Following the completion of the transaction, the director now owns 98,974 shares in the company, valued at approximately $945,201.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Andrew David Oddie sold 16,719 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $10.09, for a total value of $168,694.71. Following the completion of the transaction, the insider now directly owns 40,372 shares of the company’s stock, valued at approximately $407,353.48. The disclosure for this sale can be found here. Insiders sold a total of 2,060,704 shares of company stock valued at $18,379,784 in the last three months. 4.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Funko

A number of institutional investors and hedge funds have recently made changes to their positions in FNKO. Versor Investments LP acquired a new stake in Funko in the 4th quarter valued at $192,000. BNP Paribas Financial Markets increased its stake in shares of Funko by 381.1% during the fourth quarter. BNP Paribas Financial Markets now owns 63,927 shares of the company’s stock worth $494,000 after purchasing an additional 50,640 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Funko during the 4th quarter worth about $477,000. RPO LLC purchased a new position in Funko in the 4th quarter valued at about $86,000. Finally, Working Capital Advisors UK Ltd. boosted its holdings in Funko by 4.6% in the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after buying an additional 310,639 shares during the last quarter. 99.15% of the stock is currently owned by hedge funds and other 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, 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.