Tracy D. Daw Sells 14,650 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $12.55, for a total transaction of $183,857.50. Following the transaction, the insider now directly owns 6,362 shares in the company, valued at approximately $79,843.10. This trade represents a 69.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Funko Stock Up 7.3 %

Funko stock opened at $12.49 on Friday. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $12.86. The business has a fifty day moving average of $11.51 and a two-hundred day moving average of $10.68. The firm has a market cap of $676.41 million, a P/E ratio of -26.02 and a beta of 1.22. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Institutional Investors Weigh In On Funko

Hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP grew its stake in Funko by 160.1% in the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Funko by 21.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after buying an additional 619,114 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Funko during the 2nd quarter worth approximately $1,138,000. American Century Companies Inc. lifted its position in Funko by 81.1% during the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after acquiring an additional 112,007 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Funko in the third quarter valued at approximately $860,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FNKO has been the subject of several research reports. Stifel Nicolaus upped their target price on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. DA Davidson reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Funko in a research note on Thursday, November 14th. Finally, B. Riley raised their target price on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th.

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.