Andrew David Oddie Sells 4,844 Shares of Funko (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 4,844 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $4.13, for a total value of $20,005.72. Following the transaction, the insider owned 62,963 shares in the company, valued at approximately $260,037.19. This trade represents a 7.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 16th, Andrew David Oddie sold 6,250 shares of Funko stock. The shares were sold at an average price of $3.71, for a total value of $23,187.50.
• On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The stock was sold at an average price of $4.35, for a total value of $24,986.40.

Funko Price Performance

Shares of NASDAQ FNKO traded down $0.28 during mid-day trading on Monday, reaching $3.85. The company had a trading volume of 3,312,903 shares, compared to its average volume of 1,428,013. The business’s 50-day simple moving average is $4.15 and its 200 day simple moving average is $3.56. Funko, Inc. has a one year low of $2.22 and a one year high of $7.70. The company has a quick ratio of 0.85, a current ratio of 1.19 and a debt-to-equity ratio of 1.09.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $260.71 million. Funko had a negative net margin of 7.42% and a negative return on equity of 25.96%. As a group, sell-side analysts forecast that Funko, Inc. will post -0.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Funko

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its stake in Funko by 1.9% in the 4th quarter. Invesco Ltd. now owns 143,809 shares of the company’s stock valued at $489,000 after purchasing an additional 2,717 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Funko by 2.5% during the fourth quarter. Russell Investments Group Ltd. now owns 119,879 shares of the company’s stock worth $408,000 after buying an additional 2,930 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Funko by 8.1% during the second quarter. Rhumbline Advisers now owns 49,431 shares of the company’s stock worth $235,000 after buying an additional 3,697 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Funko by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,276 shares of the company’s stock valued at $175,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Caption Management LLC lifted its stake in shares of Funko by 8.8% in the 2nd quarter. Caption Management LLC now owns 82,500 shares of the company’s stock valued at $393,000 after acquiring an additional 6,676 shares during the last quarter. Institutional investors own 99.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FNKO shares. Truist Financial set a $6.50 price target on shares of Funko in a research report on Friday. The Goldman Sachs Group upped their target price on Funko from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Funko from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Funko has a consensus rating of “Hold” and a consensus price target of $5.83.

About Funko

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.