Funko, Inc. (NASDAQ:FNKO) Insider Tracy D. Daw Sells 18,608 Shares

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 18,608 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the sale, the insider now directly owns 26,332 shares in the company, valued at approximately $188,010.48. The trade was a 41.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Funko Stock Down 0.8 %

NASDAQ FNKO opened at $7.13 on Wednesday. The stock’s 50 day simple moving average is $12.38 and its 200 day simple moving average is $11.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko, Inc. has a one year low of $5.36 and a one year high of $14.65. The firm has a market cap of $386.13 million, a PE ratio of -14.85 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FNKO shares. DA Davidson cut their target price on Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Stifel Nicolaus upped their target price on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd.

Institutional Trading of Funko

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System bought a new stake in Funko during the 4th quarter worth about $38,000. Quest Partners LLC raised its position in Funko by 160.9% in the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after purchasing an additional 4,045 shares during the last quarter. Walleye Capital LLC bought a new position in Funko in the 3rd quarter valued at $129,000. Intech Investment Management LLC bought a new stake in shares of Funko during the fourth quarter worth $148,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Funko during the fourth quarter valued at $152,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.