Insider Selling: Funko (NASDAQ:FNKO) CFO Sells $233,754.57 in Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 35,907 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $6.51, for a total transaction of $233,754.57. Following the sale, the chief financial officer owned 35,907 shares of the company’s stock, valued at $233,754.57. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 28th, Pendeven Le sold 6,862 shares of Funko stock. The shares were sold at an average price of $7.02, for a total value of $48,171.24.
• On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The shares were sold at an average price of $7.00, for a total value of $28,000.00.

Funko Stock Performance

FNKO opened at $5.68 on Friday. The firm has a market cap of $317.68 million, a P/E ratio of -141.96 and a beta of 0.94. Funko, Inc. has a 1-year low of $2.72 and a 1-year high of $7.35. The company has a 50 day simple moving average of $5.95 and a two-hundred day simple moving average of $5.04. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.16 and a quick ratio of 0.79.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.47. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%.The firm had revenue of $207.72 million during the quarter, compared to analysts’ expectations of $200.96 million. Equities analysts forecast that Funko, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FNKO. DA Davidson lifted their target price on Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research raised shares of Funko to a “hold” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.75 target price on shares of Funko in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Funko from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Seaport Research Partners initiated coverage on shares of Funko in a report on Monday, August 24th. They set a “buy” rating and a $8.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Funko presently has a consensus rating of “Hold” and an average price target of $7.08.

Institutional Trading of Funko

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of Funko by 2,249.0% during the 1st quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock worth $815,000 after purchasing an additional 247,588 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Funko by 850,199.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock valued at $11,564,000 after purchasing an additional 3,400,796 shares in the last quarter. Empowered Funds LLC grew its stake in Funko by 9.8% in the fourth quarter. Empowered Funds LLC now owns 202,707 shares of the company’s stock valued at $689,000 after purchasing an additional 18,122 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Funko by 173.4% in the third quarter. Russell Investments Group Ltd. now owns 116,949 shares of the company’s stock valued at $402,000 after purchasing an additional 74,169 shares during the last quarter. Finally, Caption Management LLC raised its holdings in Funko by 8.8% in the second quarter. Caption Management LLC now owns 82,500 shares of the company’s stock worth $393,000 after purchasing an additional 6,676 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

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.