Insider Selling: Funko (NASDAQ:FNKO) CFO Sells $10,591.68 in Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,832 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $3.74, for a total value of $10,591.68. Following the completion of the sale, the chief financial officer owned 58,074 shares in the company, valued at $217,196.76. The trade was a 4.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Pendeven Yves Le also recently made the following trade(s):

• On Friday, March 13th, Pendeven Yves Le sold 3,199 shares of Funko stock. The stock was sold at an average price of $4.14, for a total transaction of $13,243.86.
• On Monday, March 9th, Pendeven Yves Le sold 1,192 shares of Funko stock. The stock was sold at an average price of $4.34, for a total transaction of $5,173.28.

Funko Trading Down 8.6%

NASDAQ:FNKO opened at $3.50 on Thursday. The firm’s fifty day moving average is $4.15 and its 200-day moving average is $3.56. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 1.19. Funko, Inc. has a 52 week low of $2.22 and a 52 week high of $7.70. The firm has a market cap of $193.87 million, a P/E ratio of -2.82 and a beta of 0.52.

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. Funko had a negative net margin of 7.42% and a negative return on equity of 25.96%. The company had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $260.71 million. Equities analysts expect that Funko, Inc. will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Funko

A number of large investors have recently modified their holdings of FNKO. SG Americas Securities LLC acquired a new stake in Funko in the 4th quarter valued at $37,000. Boothbay Fund Management LLC bought a new stake in Funko during the 4th quarter valued at $63,000. Engineers Gate Manager LP acquired a new position in Funko during the fourth quarter worth $82,000. Brown Brothers Harriman & Co. acquired a new position in Funko during the third quarter worth $86,000. Finally, Odyssean LLC bought a new position in shares of Funko in the fourth quarter valued at $98,000. 99.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FNKO shares. The Goldman Sachs Group lifted their price objective on Funko from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Funko in a research report on Thursday, January 22nd. Finally, Truist Financial set a $6.50 target price on Funko in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Funko currently has a consensus rating of “Hold” and an average target price of $5.83.

Funko Company Profile

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.