Charles Schwab Investment Management Inc. Sells 48,985 Shares of Funko, Inc. $FNKO

Charles Schwab Investment Management Inc. reduced its position in Funko, Inc. (NASDAQ:FNKO) by 11.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 387,570 shares of the company’s stock after selling 48,985 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of Funko worth $2,659,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FNKO. Nomura Holdings Inc. lifted its holdings in shares of Funko by 19.8% during the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company’s stock valued at $32,845,000 after acquiring an additional 404,849 shares during the period. Dimensional Fund Advisors LP increased its position in Funko by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company’s stock worth $20,688,000 after purchasing an additional 234,981 shares during the period. Assenagon Asset Management S.A. increased its position in Funko by 952.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company’s stock worth $8,475,000 after purchasing an additional 1,118,090 shares during the period. Divisadero Street Capital Management LP acquired a new stake in Funko in the fourth quarter worth about $13,783,000. Finally, SG Americas Securities LLC increased its position in Funko by 5,429.1% in the first quarter. SG Americas Securities LLC now owns 1,011,493 shares of the company’s stock worth $6,939,000 after purchasing an additional 993,199 shares during the period. 99.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on FNKO shares. The Goldman Sachs Group lowered their price objective on Funko from $5.50 to $2.50 and set a “neutral” rating for the company in a research report on Thursday, August 14th. DA Davidson reiterated a “buy” rating and set a $7.00 price objective on shares of Funko in a report on Monday, July 28th. Finally, Wall Street Zen cut Funko from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Funko currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.13.

Funko Stock Performance

Shares of NASDAQ FNKO opened at $3.46 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.64 and a quick ratio of 0.41. The stock’s fifty day moving average price is $3.96 and its two-hundred day moving average price is $5.57. Funko, Inc. has a one year low of $2.22 and a one year high of $14.65. The firm has a market cap of $191.58 million, a price-to-earnings ratio of -2.86 and a beta of 0.81.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 7th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.30). Funko had a negative return on equity of 19.97% and a negative net margin of 6.72%.The company had revenue of $193.47 million for the quarter, compared to analyst estimates of $206.18 million. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue for the quarter was down 21.9% compared to the same quarter last year. On average, equities analysts forecast that Funko, Inc. will post -0.12 EPS for the current year.

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.