Michael C. Lunsford Sells 97,000 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) Director Michael C. Lunsford sold 97,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $10.40, for a total value of $1,008,800.00. Following the sale, the director now directly owns 11,613 shares of the company’s stock, valued at approximately $120,775.20. This trade represents a 89.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Funko Stock Up 0.7 %

FNKO stock traded up $0.07 during midday trading on Tuesday, hitting $10.38. 404,084 shares of the company’s stock were exchanged, compared to its average volume of 527,532. The stock has a market capitalization of $562.18 million, a price-to-earnings ratio of -21.40 and a beta of 1.21. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average price of $11.65 and a 200-day moving average price of $10.13. Funko, Inc. has a 12-month low of $5.36 and a 12-month high of $12.61.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. DA Davidson reissued a “buy” rating and issued a $16.00 target price on shares of Funko in a research note on Thursday, November 14th. Finally, B. Riley upped their price target on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new stake in Funko in the second quarter valued at about $25,000. Walleye Capital LLC acquired a new position in Funko in the third quarter valued at approximately $129,000. Paloma Partners Management Co bought a new position in Funko during the 1st quarter worth $67,000. SG Americas Securities LLC bought a new stake in Funko in the 3rd quarter valued at about $136,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Funko in the first quarter valued at approximately $73,000. 99.15% of the stock is owned by institutional investors and hedge funds.

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.