Andrew David Oddie Sells 5,744 Shares of Funko (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 5,744 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $4.35, for a total value of $24,986.40. Following the completion of the transaction, the insider directly owned 55,671 shares of the company’s stock, valued at approximately $242,168.85. This trade represents a 9.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Funko Stock Down 3.0%

FNKO opened at $4.49 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 0.01. The firm has a market cap of $248.70 million, a P/E ratio of -3.54 and a beta of 0.52. Funko, Inc. has a 52 week low of $2.22 and a 52 week high of $7.84. The business’s fifty day simple moving average is $4.10 and its 200 day simple moving average is $3.54.

Hedge Funds Weigh In On Funko

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

Analysts Set New Price Targets

FNKO has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Funko from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of Funko in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.75.

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.