Funko (FNKO) Expected to Announce Quarterly Earnings on Thursday

Funko (NASDAQ:FNKO) is anticipated to issue its quarterly earnings data after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $286.12 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Funko Price Performance

Shares of NASDAQ:FNKO opened at $11.66 on Tuesday. The stock has a market cap of $631.46 million, a price-to-earnings ratio of -24.29 and a beta of 1.15. Funko has a 12 month low of $5.36 and a 12 month high of $14.65. The stock’s 50 day moving average price is $13.46 and its 200 day moving average price is $12.10. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Insider Activity

In other news, insider Andrew David Oddie sold 27,712 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $13.67, for a total value of $378,823.04. Following the sale, the insider now directly owns 20,186 shares of the company’s stock, valued at approximately $275,942.62. This trade represents a 57.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tracy D. Daw sold 14,650 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the sale, the insider now owns 6,362 shares of the company’s stock, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 43,079 shares of company stock valued at $572,769. 4.81% of the stock is owned by insiders.

Analysts Set New Price Targets

FNKO has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday, January 2nd.

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.