Is Funko Inc. (FNKO) positioned for future growth?

Funko Inc. (NASDAQ: FNKO) stock fell -1.07% on Friday to $26.69 against a previous-day closing price of $26.98. With 1.02 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.86 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $26.99 whereas the lowest price it dropped to was $25.84. The 52-week range on FNKO shows that it touched its highest point at $27.79 and its lowest point at $15.28 during that stretch. It currently has a 1-year price target of $29.21. Beta for the stock currently stands at 1.93.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FNKO was up-trending over the past week, with a rise of 1.91%, but this was up by 6.80% over a month. Three-month performance surged to 50.37% while six-month performance rose 52.08%. The stock gained 37.08% in the past year, while it has gained 41.97% so far this year. A look at the trailing 12-month EPS for FNKO yields 1.13 with Next year EPS estimates of 2.15. For the next quarter, that number is 0.23. This implies an EPS growth rate of 876.20% for this year and 13.15% for next year. EPS is expected to grow by 2.70% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.20%.

Float and Shares Shorts:

At present, 40.32 million FNKO shares are outstanding with a float of 17.86 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.77 million, which was 3.79% higher than short shares on Jun 14, 2022. In addition to Mr. Andrew Mark Perlmutter as the firm’s CEO & Director, Ms. Jennifer Fall Jung serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 83.77% of FNKO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 86.11% of FNKO, in contrast to 36.98% held by mutual funds. Shares owned by individuals account for 22.56%. As the largest shareholder in FNKO with 9.71% of the stake, Woodson Capital Management LP holds 3,999,999 shares worth 3,999,999. A second-largest stockholder of FNKO, BlackRock Fund Advisors, holds 1,666,889 shares, controlling over 4.05% of the firm’s shares. Massachusetts Financial Services is the third largest shareholder in FNKO, holding 1,615,231 shares or 3.92% stake. With a 2.65% stake in FNKO, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 1,089,382 shares are owned by the mutual fund manager. The MFS New Discovery Value Fund, which owns about 2.17% of FNKO stock, is the second-largest Mutual Fund holder. It holds 895,613 shares valued at 19.99 million. iShares Russell 2000 ETF holds 1.71% of the stake in FNKO, owning 706,033 shares worth 15.76 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FNKO since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FNKO analysts setting a high price target of $50.00 and a low target of $20.50, the average target price over the next 12 months is $29.06. Based on these targets, FNKO could surge 87.34% to reach the target high and fall by -23.19% to reach the target low. Reaching the average price target will result in a growth of 8.88% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. FNKO will report FY 2022 earnings on 03/09/2023. Analysts have provided yearly estimates in a range of $2.32 being high and $1.70 being low. For FNKO, this leads to a yearly average estimate of $1.90. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Funko Inc. reported $0.26 EPS against a consensus estimate of $0.26. The surprise factor in the prior quarter was $0.12. Based on analyst estimates, the high estimate for the next quarter is $0.28 and the low estimate is $0.19. The average estimate for the next quarter is thus $0.23.

Summary of Insider Activity:

Insiders traded FNKO stock several times over the past three months with 8 Buys and 6 Sells. In these transactions, 27,275 shares were bought while 55,148 shares were sold. The number of buy transactions has increased to 37 while that of sell transactions has risen to 73 over the past year. The total number of shares bought during that period was 845,288 while 1,514,557 shares were sold.

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