Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Funko, Inc.    FNKO

FUNKO, INC.

(FNKO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

FNKO INVESTOR FILING DEADLINE: Bernstein Liebhard LLP Reminds Investors that only 5 Days Remain to File a Motion for Lead Plaintiff in a Securities Class Action Lawsuit Against Funko, Inc.

05/06/2020 | 10:14am EST

Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action filed on behalf of investors that purchased or acquired the securities of Funko, Inc. ("Funko" or the "Company") (NASDAQ: FNKO) between August 8, 2019 and March 5, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Central District of California and Western District of Washington alleges violations of the Securities Exchange Act of 1934.

If you purchased Funko securities, and/or would like to discuss your legal rights and options please visit Funko Shareholder Class Action or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Funko was experiencing lower than expected sales; (2) that, as a result, Funko was reasonably likely to incur a writedown for slower moving inventory; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

On February 5, 2020, after the market closed, Funko issued a press release announcing preliminary fourth quarter 2019 financial results. Therein, Funko stated that net sales were expected to be approximately $214 million, a decrease of 8% compared to $233 million in the fourth quarter of 2018. On this news, the Company’s share price fell $6.20, or over 40%, to close at $9.29 per share on February 6, 2020, thereby injuring investors. On March 5, 2020, after the market closed, Funko issued a press release announcing its fourth quarter and full year 2019 financial results. Therein, Funko affirmed that net sales for fourth quarter had decreased 4% year-over-year to $213.6 million due to, among other things, softness at retail during the holiday season which led to a decrease in orders. On this news, Funko’s share price fell $0.32, or over 4%, to close at $6.92 on March 6, 2020, thereby injuring investors further.

If you purchased FNKO securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/funkoinc-fnko-shareholder-class-action-lawsuit-stock-fraud-264/apply or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com.

If you wish to serve as lead plaintiff, you must move the Court no later than May 11, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. © 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.


© Business Wire 2020
All news about FUNKO, INC.
01/12FUNKO : Awards ChizComm Beacon Media Multi-Platform Media for New Toy Line
PR
01/06FUNKO : Rings in New Year with Inaugural Funko Fair
BU
2020Piper Sandler Upgrades Funko to Overweight From Neutral; Price Target is $12
MT
2020BMO Capital Downgrades Funko to Underperform From Market Perform, Adjusts Pri..
MT
2020FUNKO : Investor Presentation
PU
2020FUNKO INVESTIGATION INITIATED BY FOR : Kahn Swick & Foti, LLC Investigates the O..
BU
2020FUNKO : 3Q Earnings Snapshot
AQ
2020FUNKO : Management's Discussion and Analysis of Financial Condition and Results ..
AQ
2020Earnings Flash (FNKO) FUNKO Posts Q3 EPS $0.31
MT
2020FUNKO, INC. : Results of Operations and Financial Condition (form 8-K)
AQ
More news
Financials (USD)
Sales 2020 619 M - -
Net income 2020 0,25 M - -
Net Debt 2020 199 M - -
P/E ratio 2020 -7 012x
Yield 2020 -
Capitalization 417 M 417 M -
EV / Sales 2020 1,00x
EV / Sales 2021 0,87x
Nbr of Employees 704
Free-Float 37,8%
Chart FUNKO, INC.
Duration : Period :
Funko, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FUNKO, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 9
Average target price 8,90 $
Last Close Price 11,71 $
Spread / Highest target 19,6%
Spread / Average Target -24,0%
Spread / Lowest Target -65,8%
EPS Revisions
Managers and Directors
NameTitle
Brian Mariotti Chief Executive Officer & Director
Andrew Perlmutter President
Kenneth R. Brotman Chairman
Joe Sansone Chief Global Operations Officer
Jennifer Fall Jung Chief Financial Officer
Sector and Competitors
1st jan.Capitalization (M$)
FUNKO, INC.12.81%417
TAKE-TWO INTERACTIVE SOFTWARE, INC.-1.07%22 403
BANDAI NAMCO HOLDINGS INC.3.90%19 628
HASBRO, INC.4.21%13 358
UBISOFT ENTERTAINMENT8.04%12 763
MATTEL5.27%6 394