Funko (NASDAQ:FNKO) CFO Pendeven Yves Le Sells 6,862 Shares

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 6,862 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $7.02, for a total value of $48,171.24. Following the completion of the sale, the chief financial officer directly owned 35,907 shares of the company’s stock, valued at approximately $252,067.14. This trade represents a 16.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pendeven Yves Le also recently made the following trade(s):

• On Tuesday, September 1st, Pendeven Le sold 35,907 shares of Funko stock. The shares were sold at an average price of $6.51, for a total transaction of $233,754.57.
• On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The stock was sold at an average price of $7.00, for a total transaction of $28,000.00.

Funko Stock Down 5.0%

Shares of NASDAQ FNKO opened at $5.69 on Friday. The stock has a market cap of $318.24 million, a P/E ratio of -142.21 and a beta of 0.94. The firm has a 50 day moving average price of $5.95 and a 200 day moving average price of $5.03. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. Funko, Inc. has a 52-week low of $2.72 and a 52-week high of $7.35.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.47. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. The firm had revenue of $207.72 million during the quarter, compared to the consensus estimate of $200.96 million. Analysts expect that Funko, Inc. will post 0.34 EPS for the current year.

Institutional Investors Weigh In On Funko

A number of hedge funds and other institutional investors have recently bought and sold shares of FNKO. Public Employees Retirement System of Ohio acquired a new position in Funko during the 2nd quarter worth approximately $494,000. Bank of New York Mellon Corp bought a new stake in shares of Funko in the second quarter worth $648,000. Empowered Funds LLC boosted its holdings in Funko by 10.3% during the first quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock worth $704,000 after purchasing an additional 20,882 shares during the last quarter. Renaissance Technologies LLC bought a new position in Funko in the first quarter valued at $137,000. Finally, SEB Asset Management AB acquired a new stake in Funko in the 1st quarter valued at $235,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FNKO. DA Davidson increased their price target on Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a report on Friday, July 17th. Seaport Research Partners started coverage on Funko in a research report on Monday, August 24th. They issued a “buy” rating and a $8.00 price objective for the company. Zacks Research raised Funko to a “hold” rating in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $6.75 target price on shares of Funko in a research note on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Funko has an average rating of “Hold” and a consensus target price of $7.08.

About Funko

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.