Pendeven Yves Le Sells 1,344 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 1,344 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.79, for a total transaction of $15,845.76. Following the sale, the chief financial officer now owns 32,504 shares of the company’s stock, valued at $383,222.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Funko Stock Up 1.7 %

Shares of NASDAQ FNKO traded up $0.19 during trading on Tuesday, hitting $11.35. 271,696 shares of the company traded hands, compared to its average volume of 531,062. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.92. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $12.04. The business’s fifty day moving average is $9.81 and its 200 day moving average is $8.39. The firm has a market capitalization of $612.22 million, a price-to-earnings ratio of -4.52 and a beta of 1.18.

Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.25. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The business had revenue of $247.70 million during the quarter, compared to the consensus estimate of $231.04 million. During the same quarter last year, the firm posted ($0.53) EPS. Funko’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts predict that Funko, Inc. will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Funko

Several hedge funds and other institutional investors have recently made changes to their positions in FNKO. BNP Paribas Financial Markets lifted its position in Funko by 381.1% in the 4th quarter. BNP Paribas Financial Markets now owns 63,927 shares of the company’s stock valued at $494,000 after acquiring an additional 50,640 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Funko during the fourth quarter valued at approximately $477,000. RPO LLC bought a new stake in Funko during the fourth quarter worth $86,000. Working Capital Advisors UK Ltd. grew its holdings in Funko by 4.6% during the fourth quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after buying an additional 310,639 shares in the last quarter. Finally, Bayberry Capital Partners LP raised its position in Funko by 48.1% in the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock valued at $7,328,000 after buying an additional 308,000 shares during the last quarter. 99.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Stifel Nicolaus upped their price target on shares of Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. B. Riley upped their target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $12.00 target price on shares of Funko in a research note on Friday, August 9th.

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.