Insider Selling: Funko, Inc. (NASDAQ:FNKO) CEO Sells $186,980.58 in Stock

Funko, Inc. (NASDAQ:FNKO) CEO Cynthia W. Williams sold 47,457 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $3.94, for a total value of $186,980.58. Following the completion of the sale, the chief executive officer now owns 32,769 shares of the company’s stock, valued at $129,109.86. The trade was a 59.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Funko Price Performance

Shares of NASDAQ:FNKO opened at $3.91 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 1 year low of $3.50 and a 1 year high of $14.65. The business has a fifty day simple moving average of $4.96 and a 200 day simple moving average of $9.64. The firm has a market cap of $213.23 million, a price-to-earnings ratio of -8.15 and a beta of 0.85.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.10. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The business had revenue of $190.74 million during the quarter, compared to analyst estimates of $191.96 million. During the same period last year, the company earned ($0.17) earnings per share. Funko’s quarterly revenue was down 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Funko, Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Funko

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Funko by 18.5% during the fourth quarter. American Century Companies Inc. now owns 680,231 shares of the company’s stock worth $9,108,000 after acquiring an additional 106,037 shares in the last quarter. Vanguard Group Inc. raised its holdings in Funko by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock valued at $26,222,000 after buying an additional 50,877 shares in the last quarter. TBH Global Asset Management LLC bought a new position in Funko during the fourth quarter valued at about $2,748,000. Hsbc Holdings PLC bought a new position in Funko during the fourth quarter valued at about $152,000. Finally, Divisadero Street Capital Management LP bought a new position in Funko during the fourth quarter valued at about $13,783,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on FNKO. Wall Street Zen lowered Funko from a “hold” rating to a “sell” rating in a report on Thursday. The Goldman Sachs Group upgraded Funko from a “sell” rating to a “neutral” rating and reduced their target price for the company from $7.00 to $5.50 in a report on Wednesday, May 14th. Finally, DA Davidson upgraded Funko to a “strong-buy” rating in a report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $9.88.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.