Insider Selling: Funko (NASDAQ:FNKO) Insider Sells 12,793 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy Daw sold 12,793 shares of the company’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $3.65, for a total transaction of $46,694.45. Following the sale, the insider owned 47,016 shares of the company’s stock, valued at $171,608.40. This trade represents a 21.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Funko Stock Performance

Shares of Funko stock traded up $0.01 during trading on Thursday, reaching $3.51. The company’s stock had a trading volume of 1,373,927 shares, compared to its average volume of 1,212,672. Funko, Inc. has a one year low of $2.22 and a one year high of $7.70. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 1.19. The firm has a market cap of $194.42 million, a price-to-earnings ratio of -2.83 and a beta of 0.52. The business’s fifty day moving average price is $4.15 and its 200-day moving average price is $3.56.

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

Institutional Trading of Funko

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Funko in the fourth quarter valued at about $37,000. Boothbay Fund Management LLC bought a new stake in Funko during the 4th quarter worth about $63,000. Engineers Gate Manager LP bought a new stake in Funko during the 4th quarter worth about $82,000. Brown Brothers Harriman & Co. acquired a new position in Funko during the 3rd quarter valued at about $86,000. Finally, Odyssean LLC bought a new position in shares of Funko in the 4th quarter valued at about $98,000. 99.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FNKO shares. The Goldman Sachs Group upped their target price on Funko from $3.50 to $4.00 and gave the company a “neutral” rating in a research note on Monday. Truist Financial set a $6.50 price objective on shares of Funko in a research note on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.83.

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.