Funko (NASDAQ:FNKO) Insider Andrew David Oddie Sells 6,250 Shares

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 6,250 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $3.71, for a total transaction of $23,187.50. Following the sale, the insider owned 69,313 shares of the company’s stock, valued at approximately $257,151.23. The trade was a 8.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew David Oddie also recently made the following trade(s):

• On Friday, March 13th, Andrew David Oddie sold 4,844 shares of Funko stock. The stock was sold at an average price of $4.13, for a total transaction of $20,005.72.
• On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The stock was sold at an average price of $4.35, for a total transaction of $24,986.40.

Funko Trading Down 6.8%

Shares of NASDAQ:FNKO traded down $0.28 during trading on Monday, reaching $3.85. 3,312,903 shares of the company’s stock traded hands, compared to its average volume of 1,428,013. Funko, Inc. has a 12 month low of $2.22 and a 12 month high of $7.70. The company has a 50 day moving average of $4.15 and a 200-day moving average of $3.56. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.19 and a quick ratio of 0.85.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Funko

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

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.