Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells $129,924.00 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 10,800 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $12.03, for a total transaction of $129,924.00. Following the completion of the transaction, the insider now owns 40,372 shares in the company, valued at $485,675.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 16th, Andrew David Oddie sold 300 shares of Funko stock. The shares were sold at an average price of $12.04, for a total transaction of $3,612.00.

Funko Stock Performance

Shares of NASDAQ:FNKO opened at $11.86 on Friday. The company’s 50 day simple moving average is $10.13 and its 200 day simple moving average is $8.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.59. Funko, Inc. has a 1 year low of $5.36 and a 1 year high of $12.31. The stock has a market capitalization of $635.68 million, a price-to-earnings ratio of -4.73 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

FNKO has been the subject of a number of analyst reports. DA Davidson reiterated a “buy” rating and issued a $12.00 price target on shares of Funko in a research report on Friday, August 9th. Stifel Nicolaus upped their target price on Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, B. Riley raised their price target on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th.

Institutional Trading of Funko

A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in Funko during the 1st quarter worth $656,000. Bayberry Capital Partners LP boosted its stake in shares of Funko by 48.1% during the fourth quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock valued at $7,328,000 after purchasing an additional 308,000 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Funko during the second quarter valued at about $6,996,000. Working Capital Advisors UK Ltd. grew its holdings in shares of 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 purchasing an additional 310,639 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Funko by 21.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after buying an additional 619,114 shares during the period. Institutional investors and hedge funds own 99.15% of the company’s stock.

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.