Funko, Inc. (NASDAQ:FNKO) Director Michael C. Lunsford Sells 97,000 Shares

Funko, Inc. (NASDAQ:FNKO) Director Michael C. Lunsford sold 97,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the transaction, the director now directly owns 11,613 shares of the company’s stock, valued at approximately $120,775.20. The trade was a 89.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Funko Price Performance

FNKO stock opened at $10.33 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. The firm has a 50 day moving average price of $11.66 and a 200-day moving average price of $10.16. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $12.61. The firm has a market capitalization of $559.47 million, a price-to-earnings ratio of -21.52 and a beta of 1.21.

Analysts Set New Price Targets

A number of research analysts have weighed in on FNKO shares. B. Riley upped their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Stifel Nicolaus increased their price objective on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, DA Davidson restated a “buy” rating and set a $16.00 target price on shares of Funko in a report on Thursday, November 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNKO. Assenagon Asset Management S.A. bought a new stake in Funko in the second quarter worth $6,996,000. Marshall Wace LLP boosted its stake in Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock worth $10,375,000 after purchasing an additional 654,359 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Funko by 21.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after purchasing an additional 619,114 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Funko during the 2nd quarter valued at about $1,138,000. Finally, American Century Companies Inc. increased its stake in Funko by 81.1% during the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock valued at $2,441,000 after purchasing an additional 112,007 shares in the last quarter. Institutional investors 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.