Public Employees Retirement System of Ohio Purchases 16,352 Shares of Funko, Inc. $FNKO

Public Employees Retirement System of Ohio increased its position in Funko, Inc. (NASDAQ:FNKO) by 46.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,532 shares of the company’s stock after acquiring an additional 16,352 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.09% of Funko worth $245,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FNKO. Assenagon Asset Management S.A. boosted its position in shares of Funko by 952.8% in the first quarter. Assenagon Asset Management S.A. now owns 1,235,437 shares of the company’s stock valued at $8,475,000 after acquiring an additional 1,118,090 shares during the period. ING Groep NV bought a new position in shares of Funko in the first quarter valued at approximately $6,860,000. SG Americas Securities LLC boosted its position in shares of Funko by 5,429.1% in the first quarter. SG Americas Securities LLC now owns 1,011,493 shares of the company’s stock valued at $6,939,000 after acquiring an additional 993,199 shares during the period. CenterBook Partners LP bought a new position in shares of Funko in the first quarter valued at approximately $4,296,000. Finally, Pacer Advisors Inc. bought a new position in shares of Funko in the first quarter valued at approximately $3,170,000. 99.15% of the stock is currently owned by institutional investors.

Funko Trading Up 1.8%

FNKO stock opened at $3.33 on Tuesday. The company has a market capitalization of $184.38 million, a PE ratio of -2.75 and a beta of 0.81. Funko, Inc. has a one year low of $2.22 and a one year high of $14.65. The company’s 50 day moving average price is $3.34 and its two-hundred day moving average price is $4.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.41 and a current ratio of 0.64.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, August 7th. The company reported ($0.48) 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 firm had revenue of $193.47 million during the quarter, compared to analysts’ expectations of $206.18 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was down 21.9% compared to the same quarter last year. As a group, analysts predict that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group dropped their target price on shares of 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 target price on shares of Funko in a research report on Monday, July 28th. Wall Street Zen lowered shares of Funko from a “hold” rating to a “sell” rating in a research report on Friday, July 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Funko presently has an average rating of “Hold” and an average price target of $7.17.

About Funko

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.