Funko (NASDAQ:FNKO) Insider Tracy Daw Sells 12,793 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy Daw sold 12,793 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total value of $46,694.45. Following the completion of the transaction, the insider directly owned 47,016 shares in the company, valued at $171,608.40. The trade was a 21.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Funko Trading Down 1.4%

Shares of FNKO stock opened at $3.46 on Friday. Funko, Inc. has a 12 month low of $2.22 and a 12 month high of $7.67. The company has a quick ratio of 0.85, a current ratio of 1.19 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $4.14 and its two-hundred day moving average is $3.56. The company has a market cap of $191.70 million, a PE ratio of -2.79 and a beta of 0.52.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $260.71 million. Funko had a negative net margin of 7.42% and a negative return on equity of 25.96%. Equities analysts predict that Funko, Inc. will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Funko

Several large investors have recently bought and sold shares of the stock. Fund 1 Investments LLC grew its position in Funko by 13.4% in the 3rd quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company’s stock worth $18,624,000 after purchasing an additional 640,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Funko by 850,199.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock worth $11,564,000 after purchasing an additional 3,400,796 shares during the period. Hosking Partners LLP acquired a new position in shares of Funko during the third quarter valued at about $4,853,000. JPMorgan Chase & Co. lifted its stake in shares of Funko by 48.9% in the third quarter. JPMorgan Chase & Co. now owns 1,340,267 shares of the company’s stock valued at $4,611,000 after buying an additional 439,907 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Funko by 13.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,271,984 shares of the company’s stock valued at $6,055,000 after buying an additional 146,023 shares during the period. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FNKO has been the subject of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a report on Thursday, January 22nd. Truist Financial set a $6.50 price objective on Funko in a research report on Friday, March 13th. Finally, The Goldman Sachs Group increased their target price on Funko from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Funko currently has an average rating of “Hold” and an average price target of $5.83.

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.