What is DA Davidson’s Forecast for Funko Q4 Earnings?

Funko, Inc. (NASDAQ:FNKO) – Investment analysts at DA Davidson issued their Q4 2024 earnings per share estimates for shares of Funko in a research note issued on Friday, November 8th. DA Davidson analyst L. Weiser expects that the company will earn ($0.03) per share for the quarter. DA Davidson currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for Funko’s current full-year earnings is ($0.21) per share.

A number of other equities analysts have also recently issued reports on FNKO. Stifel Nicolaus upped their target price on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. B. Riley increased their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th.

Funko Price Performance

Shares of FNKO stock opened at $11.35 on Monday. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. Funko has a twelve month low of $5.36 and a twelve month high of $12.61. The company has a market cap of $612.22 million, a P/E ratio of -23.58 and a beta of 1.21. The business has a fifty day simple moving average of $11.60 and a 200 day simple moving average of $9.94.

Hedge Funds Weigh In On Funko

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in shares of Funko in the 2nd quarter worth about $25,000. Paloma Partners Management Co purchased a new stake in Funko during the 1st quarter valued at about $67,000. EntryPoint Capital LLC purchased a new stake in Funko during the 1st quarter valued at about $73,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Funko during the 2nd quarter valued at about $121,000. Finally, SG Americas Securities LLC purchased a new stake in Funko during the 3rd quarter valued at about $136,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Funko

In related news, insider Andrew David Oddie sold 10,800 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the sale, the insider now directly owns 40,372 shares of the company’s stock, valued at approximately $485,675.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Funko news, insider Andrew David Oddie sold 10,800 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $12.03, for a total value of $129,924.00. Following the completion of the sale, the insider now directly owns 40,372 shares of the company’s stock, valued at $485,675.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael C. Lunsford sold 7,361 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total value of $88,479.22. Following the sale, the director now owns 108,613 shares in the company, valued at approximately $1,305,528.26. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,705 shares of company stock valued at $414,206. 4.81% of the stock is owned by insiders.

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.