Funko (NASDAQ:FNKO) CFO Pendeven Yves Le Sells 2,832 Shares

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,832 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $3.74, for a total value of $10,591.68. Following the transaction, the chief financial officer directly owned 58,074 shares in the company, valued at approximately $217,196.76. This represents a 4.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $4.14, for a total value 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 value of $5,173.28.

Funko Stock Down 6.8%

Shares of FNKO traded down $0.28 during trading hours on Monday, hitting $3.85. 3,312,903 shares of the stock traded hands, compared to its average volume of 1,428,013. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. Funko, Inc. has a 1-year low of $2.22 and a 1-year high of $7.70. The business has a fifty day moving average of $4.15 and a 200-day moving average of $3.56.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, March 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $273.10 million during the quarter, compared to analyst estimates of $260.71 million. Funko had a negative return on equity of 25.96% and a negative net margin of 7.42%. Equities research analysts expect that Funko, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on FNKO. Wall Street Zen raised shares of Funko from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Thursday, January 22nd. The Goldman Sachs Group upped their target price on shares of Funko from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Truist Financial set a $6.50 price target on Funko in a research note on Friday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.83.

Institutional Trading of Funko

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

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.