Insider Selling: Funko (NASDAQ:FNKO) Insider Sells 12,793 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy Daw sold 12,793 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total transaction of $46,694.45. Following the completion of the transaction, the insider owned 47,016 shares in the company, valued at $171,608.40. This represents a 21.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Funko Trading Up 0.3%

FNKO traded up $0.01 during trading on Thursday, reaching $3.51. 1,373,927 shares of the company’s stock were exchanged, compared to its average volume of 1,212,672. The company’s fifty day moving average price is $4.15 and its 200-day moving average price is $3.56. The firm has a market capitalization of $194.42 million, a PE ratio of -2.83 and a beta of 0.52. Funko, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $7.70. 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 (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Funko had a negative return on equity of 25.96% and a negative net margin of 7.42%.The company had revenue of $273.10 million for the quarter, compared to the consensus estimate of $260.71 million. As a group, equities analysts forecast that Funko, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

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

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.