Funko (NASDAQ:FNKO) Insider Sells $207,936.00 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 34,656 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $6.00, for a total transaction of $207,936.00. Following the completion of the sale, the insider owned 34,657 shares in the company, valued at approximately $207,942. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew David Oddie also recently made the following trade(s):

• On Monday, March 16th, Andrew David Oddie sold 6,250 shares of Funko stock. The shares were sold at an average price of $3.71, for a total transaction of $23,187.50.
• On Friday, March 13th, Andrew David Oddie sold 4,844 shares of Funko stock. The shares were sold at an average price of $4.13, for a total transaction of $20,005.72.
• On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The shares were sold at an average price of $4.35, for a total transaction of $24,986.40.

Funko Stock Up 1.8%

Shares of Funko stock traded up $0.10 during trading on Tuesday, reaching $5.54. The company had a trading volume of 1,020,454 shares, compared to its average volume of 1,027,982. The company has a market cap of $307.69 million, a price-to-earnings ratio of -5.28 and a beta of 0.82. The firm’s fifty day moving average is $4.03 and its 200-day moving average is $3.70. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 1.19. Funko, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $6.09.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.23. Funko had a negative net margin of 6.30% and a negative return on equity of 20.61%. The business had revenue of $200.92 million for the quarter, compared to analyst estimates of $188.60 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Funko in the fourth quarter valued at approximately $37,000. Boothbay Fund Management LLC bought a new position in shares of Funko in the fourth quarter valued at approximately $63,000. Engineers Gate Manager LP bought a new position in shares of Funko in the fourth quarter valued at approximately $82,000. Brown Brothers Harriman & Co. bought a new position in shares of Funko in the third quarter valued at approximately $86,000. Finally, Odyssean LLC acquired a new stake in Funko during the fourth quarter valued at approximately $98,000. 99.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

FNKO has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a research report on Tuesday, April 21st. The Goldman Sachs Group upped their target price on shares of Funko from $4.00 to $6.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Truist Financial set a $6.50 price objective on shares of Funko in a report on Friday, March 13th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $6.50.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.