Jefferies Financial Group Equities Analysts Reduce Earnings Estimates for Funko, Inc. (NASDAQ:FNKO)

Funko, Inc. (NASDAQ:FNKOGet Rating) – Jefferies Financial Group decreased their FY2022 earnings per share (EPS) estimates for Funko in a report released on Friday, November 11th. Jefferies Financial Group analyst A. Uerkwitz now forecasts that the company will earn $0.53 per share for the year, down from their previous forecast of $0.57. The consensus estimate for Funko’s current full-year earnings is $0.56 per share. Jefferies Financial Group also issued estimates for Funko’s Q1 2023 earnings at $0.15 EPS.

Other analysts also recently issued reports about the company. The Goldman Sachs Group decreased their price target on Funko from $25.50 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, November 7th. Truist Financial cut Funko from a “buy” rating to a “hold” rating and lowered their price target for the stock from $26.00 to $13.00 in a report on Friday, November 4th. BMO Capital Markets cut their price target on Funko from $22.00 to $10.00 and set a “market perform” rating for the company in a research note on Monday, November 7th. Bank of America downgraded shares of Funko from a “buy” rating to a “neutral” rating and reduced their price target for the company from $35.00 to $9.00 in a report on Monday, November 7th. Finally, DA Davidson lowered their target price on Funko from $48.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, November 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Funko has an average rating of “Hold” and an average price target of $17.14.

Funko Stock Up 0.7 %

Shares of NASDAQ:FNKO opened at $9.90 on Monday. The company has a market cap of $499.72 million, a price-to-earnings ratio of 10.10, a PEG ratio of 0.89 and a beta of 1.84. Funko has a fifty-two week low of $7.60 and a fifty-two week high of $27.79. The firm’s 50-day simple moving average is $20.03 and its 200-day simple moving average is $21.15. The company has a quick ratio of 0.76, a current ratio of 1.38 and a debt-to-equity ratio of 0.33.

Institutional Investors Weigh In On Funko

A number of institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC increased its stake in Funko by 221.3% during the first quarter. Lazard Asset Management LLC now owns 4,154 shares of the company’s stock valued at $71,000 after purchasing an additional 2,861 shares during the last quarter. Amalgamated Bank acquired a new position in Funko in the first quarter valued at approximately $75,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Funko by 64.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,276 shares of the company’s stock valued at $107,000 after purchasing an additional 2,061 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Funko by 8,667.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,400 shares of the company’s stock worth $110,000 after purchasing an additional 6,327 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Funko by 11.6% in the first quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the company’s stock worth $141,000 after buying an additional 850 shares during the period. Institutional investors and hedge funds own 80.80% of the company’s stock.

Insider Transactions at Funko

In other Funko news, insider Tracy D. Daw sold 26,800 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $22.78, for a total transaction of $610,504.00. Following the completion of the sale, the insider now directly owns 46,730 shares in the company, valued at $1,064,509.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Tracy D. Daw sold 26,800 shares of Funko stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $22.78, for a total transaction of $610,504.00. Following the sale, the insider now owns 46,730 shares in the company, valued at $1,064,509.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jung Jennifer Fall sold 37,207 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $23.39, for a total transaction of $870,271.73. Following the completion of the transaction, the chief financial officer now directly owns 52,310 shares of the company’s stock, valued at $1,223,530.90. The disclosure for this sale can be found here. Company insiders own 12.56% of the company’s stock.

About Funko

(Get Rating)

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 vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.

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Earnings History and Estimates for Funko (NASDAQ:FNKO)

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