Allspring Global Investments Holdings LLC Has $4.21 Million Stock Position in Funko, Inc. (NASDAQ:FNKO)
Allspring World-wide Investments Holdings LLC boosted its placement in Funko, Inc. (NASDAQ:FNKO – Get Rating) by 469.5% in the 3rd quarter, in accordance to its most latest filing with the SEC. The fund owned 208,300 shares of the firm’s inventory following buying an added 171,727 shares for the duration of the time period. Allspring International Investments Holdings LLC owned about .42% of Funko worth $4,211,000 as of its most modern submitting with the SEC.
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Other hedge resources have also purchased and offered shares of the enterprise. Lazard Asset Administration LLC lifted its place in Funko by 221.3% during the initial quarter. Lazard Asset Management LLC now owns 4,154 shares of the firm’s inventory worth $71,000 right after attaining an further 2,861 shares in the course of the very last quarter. Amalgamated Bank acquired a new stake in Funko during the 1st quarter truly worth close to $75,000. SG Americas Securities LLC acquired a new stake in Funko throughout the next quarter value approximately $177,000. BNP Paribas Arbitrage SA lifted its placement in Funko by 11.6% for the duration of the initial quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the firm’s inventory worthy of $141,000 soon after buying an added 850 shares throughout the last quarter. Last but not least, Camarda Financial Advisors LLC obtained a new stake in Funko in the course of the next quarter worth somewhere around $202,000. 59.78% of the stock is at this time owned by institutional buyers and hedge money.
Analyst Scores Variations
Many equities exploration analysts have issued stories on FNKO shares. Truist Financial downgraded shares of Funko from a “get” rating to a “keep” score and cut their rate goal for the inventory from $26.00 to $13.00 in a investigation report on Friday, November 4th. Jefferies Economic Team downgraded shares of Funko from a “invest in” ranking to a “maintain” rating and slash their cost aim for the stock from $15.00 to $13.00 in a research report on Thursday, January 12th. Lender of America downgraded shares of Funko from a “purchase” score to a “neutral” ranking and dropped their selling price concentrate on for the corporation from $35.00 to $9.00 in a investigation report on Monday, November 7th. BMO Cash Markets dropped their price tag target on shares of Funko from $22.00 to $10.00 and set a “current market conduct” ranking for the enterprise in a study report on Monday, November 7th. Eventually, DA Davidson dropped their price tag concentrate on on shares of Funko from $48.00 to $20.00 and set a “purchase” ranking for the corporation in a study report on Friday, November 4th. Six analysis analysts have rated the stock with a maintain rating and a single has issued a invest in rating to the company’s inventory. According to MarketBeat.com, Funko presently has a consensus ranking of “Hold” and a consensus price focus on of $14.71.
Funko Inventory Effectiveness
Shares of NASDAQ:FNKO opened at $12.07 on Tuesday. The firm’s 50 day very simple relocating average is $10.10 and its 200 day very simple shifting normal is $17.89. The inventory has a current market capitalization of $609.26 million, a value-to-earnings ratio of 12.32, a price tag-to-earnings-development ratio of 1.30 and a beta of 1.56. The business has a debt-to-equity ratio of .33, a recent ratio of 1.38 and a rapid ratio of .67. Funko, Inc. has a 1 calendar year small of $7.60 and a 1 year higher of $27.79.
Funko (NASDAQ:FNKO – Get Score) previous introduced its quarterly earnings details on Thursday, November 3rd. The enterprise noted $.22 earnings for every share (EPS) for the quarter, missing analysts’ consensus estimates of $.45 by ($.23). The organization experienced profits of $365.61 million throughout the quarter, when compared to the consensus estimate of $317.16 million. Funko had a web margin of 3.46% and a return on fairness of 13.55%. As a group, research analysts predict that Funko, Inc. will publish .56 EPS for the present fiscal calendar year.
Funko, Inc, a pop society client goods organization, types, resources, and distributes accredited pop culture goods in the United States, Europe, and internationally. The organization provides vinyl, blind-packed miniature, and motion figures manner equipment, which includes baggage, backpacks, and wallets attire, these kinds of as t-shirts and hats board game titles, plush solutions, and equipment, these as keychains, pens, and pins homewares, comprising drinkware, and other property extras, non-fungible tokens, and other individuals.
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