Funko (NASDAQ:FNKO) stock rating upgraded by JPMorgan Chase & Co.

Funko (NASDAQ: FNKO – Get Rating) Analysts at JPMorgan Chase & Co. were upgraded from a “neutral” rating to an “overweight” rating in a research report released on Thursday, according to a report by Fly.

FNKO has been the subject of a number of other research reports. DA Davidson raised its target price on Funko from $34.00 to $46.00 and assigned the company a “buy” rating in a report on Friday, March 4th. BMO Capital Markets raised its price target on Funko from $18.00 to $21.00 in a research note on Monday, March 7. Finally, Jefferies Financial Group raised its price target on Funko from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 4th.

FNKO stock opened at $21.00 on Thursday. Funko recorded a 52-week low at $15.28 and a 52-week high at $23.05. The company’s 50-day moving average is $19.05 and its 200-day moving average is $18.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.01 and a current ratio of 1.69. The company has a market capitalization of $1.05 billion, a P/E ratio of 18.58, a P/E ratio of 0.59 and a beta of 2.09.

Funko (NASDAQ: FNKO – Get Rating) published its latest earnings results on Thursday, May 5th. The company reported earnings of $0.34 per share for the quarter, topping analysts’ estimates of $0.22 by $0.12. Funko generated a return on equity of 18.40% and a net margin of 4.12%. The company generated $308.34 million in revenue for the quarter, compared to the consensus estimate of $271.99 million. During the same quarter in the previous year, the company reported earnings of $0.18 per share. Funko’s revenue increased 63.0% year over year. Equity analysts expect Funko to report earnings per share of 1.69 this year.

In related news, insider Brin Richard Mariotti sold 38,688 shares of Funko stock in a transaction that took place on Monday, April 11th. The stock sold at an average price of $17.92, for a total of $693,288.96 of transactions. After the sale, the insider now owns 53,451 shares of the company’s stock, valued at $957.841.92. The sale was disclosed on file with the Securities and Exchange Commission, which can be accessed through the Saudi Electricity Company’s website. Also, director Kenneth R. Brautman sold 50,000 shares of Funko stock in a transaction that happened on Tuesday, April 5th. The shares were sold at an average price of $18.06, with a total value of $903,000.00. The disclosure of this sale can be found here. Insiders have sold 514,681 shares of company stock valued at $9,690,323 in the last ninety days. Corporate insiders own 12.56% of the company’s shares.

A number of institutional investors and hedge funds have recently modified their holdings of stocks. Divisadero Street Capital Management LP grew its stake in Funko by 345.5% during the first quarter. Divisadero Street Capital Management LP now owns 285,000 shares of the company’s stock, valued at $4,916,000 after purchasing an additional 221,032 shares last quarter. Dimensional Fund Advisors LP grew its holdings in Funko by 47.5% during the first quarter. Dimensional Fund Advisors LP now owns 658,720 shares of the company’s stock valued at $11,363,000 after purchasing an additional 212,113 shares in the last quarter. North Growth Management Ltd. grew its ownership in Funko by 348.3% during the fourth quarter. North Growth Management Ltd. Now 269,000 shares of the company’s stock are valued at $5,063,000 after purchasing an additional 209,000 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Funko by 257.0% during the fourth quarter. Renaissance Technologies LLC now owns 267,543 shares of the company’s stock, valued at $5,030,000 after purchasing an additional 192,600 shares in the last quarter. Finally, Massachusetts Financial Services MA grew its holdings in Funko by 11.5% during the first quarter. Massachusetts Financial Services Corporation now owns 1,615,231 shares of the company’s stock valued at $27,863,000 after purchasing an additional 165,984 shares last quarter. 66.08% of the shares are currently owned by institutional investors.

About Funko (Get Rating)

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 offers vinyl, anthropomorphic, and action figures. fashion accessories, including bags, backpacks and wallets; clothing, such as T-shirts and hats; board toys, plush products, and accessories such as key chains, pens, and pins; Household items, including drinking utensils, other home accessories, non-fungible tokens, and others.

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