Funko (NASDAQ:FNKO) CFO Pendeven Yves Le Sells 35,907 Shares

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 35,907 shares of Funko stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $6.51, for a total transaction of $233,754.57. Following the completion of the transaction, the chief financial officer owned 35,907 shares of the company’s stock, valued at $233,754.57. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 28th, Pendeven Le sold 6,862 shares of Funko stock. The stock was sold at an average price of $7.02, for a total transaction of $48,171.24.
• On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The shares were sold at an average price of $7.00, for a total transaction of $28,000.00.

Funko Stock Down 5.0%

Funko stock opened at $5.69 on Friday. Funko, Inc. has a twelve month low of $2.72 and a twelve month high of $7.35. The stock’s fifty day simple moving average is $5.95 and its 200-day simple moving average is $5.03. The company has a current ratio of 1.16, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $318.24 million, a P/E ratio of -142.21 and a beta of 0.94.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.47. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%.The firm had revenue of $207.72 million during the quarter, compared to analysts’ expectations of $200.96 million. As a group, equities analysts expect that Funko, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on FNKO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Friday, July 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.75 price objective on shares of Funko in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Funko from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. DA Davidson lifted their price objective on shares of Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded shares of Funko to a “hold” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.08.

Hedge Funds Weigh In On Funko

Large investors have recently bought and sold shares of the stock. Boothbay Fund Management LLC acquired a new stake in Funko during the 4th quarter worth $63,000. Engineers Gate Manager LP acquired a new stake in Funko in the fourth quarter valued at $82,000. Brown Brothers Harriman & Co. purchased a new position in Funko in the 3rd quarter valued at approximately $86,000. Odyssean LLC purchased a new position in shares of Funko in the fourth quarter valued at $98,000. Finally, Royal Bank of Canada grew its position in shares of Funko by 95.3% in the first quarter. Royal Bank of Canada now owns 32,345 shares of the company’s stock valued at $222,000 after purchasing an additional 15,782 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.