Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 16,690 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 16,690 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $9.22, for a total transaction of $153,881.80. Following the sale, the insider now owns 57,091 shares in the company, valued at $526,379.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, May 13th, Andrew David Oddie sold 9,603 shares of Funko stock. The shares were sold at an average price of $7.42, for a total transaction of $71,254.26.
• On Monday, April 22nd, Andrew David Oddie sold 2,353 shares of Funko stock. The shares were sold at an average price of $6.21, for a total transaction of $14,612.13.
• On Monday, March 11th, Andrew David Oddie sold 2,337 shares of Funko stock. The shares were sold at an average price of $6.62, for a total transaction of $15,470.94.
• On Thursday, March 7th, Andrew David Oddie sold 3,422 shares of Funko stock. The shares were sold at an average price of $6.41, for a total transaction of $21,935.02.

Funko Stock Performance

Shares of NASDAQ:FNKO traded up $0.22 on Wednesday, reaching $9.65. The company’s stock had a trading volume of 593,741 shares, compared to its average volume of 506,189. Funko, Inc. has a 52-week low of $5.27 and a 52-week high of $13.42. The company has a 50-day simple moving average of $6.96 and a 200 day simple moving average of $7.00. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.10. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. The business had revenue of $215.70 million during the quarter, compared to analysts’ expectations of $218.26 million. As a group, analysts forecast that Funko, Inc. will post -0.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Funko

A number of large investors have recently made changes to their positions in FNKO. Jacobs Levy Equity Management Inc. purchased a new position in shares of Funko during the 3rd quarter worth about $8,693,000. Parcion Private Wealth LLC boosted its stake in shares of Funko by 698.4% during the 4th quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company’s stock worth $9,842,000 after purchasing an additional 1,113,788 shares during the period. Pertento Partners LLP purchased a new position in shares of Funko during the 3rd quarter worth about $3,932,000. Working Capital Advisors UK Ltd. boosted its stake in shares of Funko by 4.6% during the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after purchasing an additional 310,639 shares during the period. Finally, Bayberry Capital Partners LP boosted its stake in shares of Funko by 48.1% during the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock worth $7,328,000 after purchasing an additional 308,000 shares during the period. 99.15% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FNKO shares. B. Riley raised their target price on shares of Funko from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, May 10th. DA Davidson reissued a “buy” rating and issued a $10.50 price objective on shares of Funko in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Funko presently has a consensus rating of “Hold” and an average price target of $9.08.

Funko Company Profile

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.