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

Funko, Inc. (NASDAQ:FNKO) – DA Davidson lifted their Q3 2024 earnings per share (EPS) estimates for shares of Funko in a report issued on Thursday, August 15th. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of $0.05 for the quarter, up from their previous estimate of ($0.01). DA Davidson has a “Buy” rating and a $12.00 price objective 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.

FNKO has been the topic of several other reports. B. Riley increased their price target on Funko from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, May 10th. Stifel Nicolaus increased their price target on Funko from $8.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, July 25th.

Funko Stock Performance

Shares of FNKO opened at $10.16 on Monday. The business’s fifty day simple moving average is $9.52 and its two-hundred day simple moving average is $7.93. The company has a market cap of $544.57 million, a price-to-earnings ratio of -4.05 and a beta of 1.18. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54. Funko has a 12 month low of $5.36 and a 12 month high of $10.53.

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

Insider Buying and Selling

In related news, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $8.90, for a total value of $17,800,000.00. Following the transaction, the insider now directly owns 5,129,838 shares of the company’s stock, valued at approximately $45,655,558.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Working Capital Advisors (Uk) sold 2,000,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $8.90, for a total value of $17,800,000.00. Following the transaction, the insider now directly owns 5,129,838 shares of the company’s stock, valued at approximately $45,655,558.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew David Oddie sold 16,719 shares of the firm’s stock in a transaction on 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 in the company, valued at $407,353.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,060,704 shares of company stock valued at $18,379,784. 4.81% of the stock is owned by company insiders.

Institutional Investors Weigh In On Funko

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new stake in Funko in the 2nd quarter worth $25,000. Quarry LP purchased a new stake in Funko in the 4th quarter worth $34,000. Paloma Partners Management Co purchased a new stake in Funko in the 1st quarter worth $67,000. RPO LLC purchased a new stake in Funko in the 4th quarter worth $86,000. Finally, EntryPoint Capital LLC purchased a new stake in Funko in the 1st quarter worth $73,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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.