Pendeven Yves Le Sells 2,490 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,490 shares of Funko stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $7.10, for a total value of $17,679.00. Following the sale, the chief financial officer now owns 40,719 shares in the company, valued at $289,104.90. This trade represents a 5.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Friday, March 7th, Pendeven Yves Le sold 1,006 shares of Funko stock. The shares were sold at an average price of $8.88, for a total value of $8,933.28.
• On Monday, March 10th, Pendeven Yves Le sold 320 shares of Funko stock. The shares were sold at an average price of $8.16, for a total value of $2,611.20.

Funko Price Performance

Shares of NASDAQ:FNKO opened at $7.34 on Thursday. The business’s 50 day simple moving average is $12.23 and its 200-day simple moving average is $11.92. The firm has a market capitalization of $397.51 million, a price-to-earnings ratio of -15.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $14.65.

Institutional Investors Weigh In On Funko

Institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in shares of Funko during the 4th quarter worth approximately $38,000. Quest Partners LLC boosted its stake in shares of Funko by 160.9% during the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after acquiring an additional 4,045 shares in the last quarter. Walleye Capital LLC purchased a new stake in shares of Funko during the 3rd quarter worth approximately $129,000. Intech Investment Management LLC purchased a new stake in Funko in the 4th quarter valued at approximately $148,000. Finally, Hsbc Holdings PLC purchased a new stake in Funko in the 4th quarter valued at approximately $152,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FNKO. DA Davidson lowered their price objective on Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Stifel Nicolaus lifted their price objective on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd.

About Funko

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.