Andrew David Oddie Sells 2,353 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 2,353 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $6.21, for a total value of $14,612.13. Following the sale, the insider now directly owns 60,476 shares of the company’s stock, valued at $375,555.96. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, March 11th, Andrew David Oddie sold 2,337 shares of Funko stock. The shares were sold at an average price of $6.62, for a total value of $15,470.94.
• On Thursday, March 7th, Andrew David Oddie sold 3,422 shares of Funko stock. The shares were sold at an average price of $6.41, for a total value of $21,935.02.

Funko Stock Up 1.1 %

Shares of FNKO opened at $6.18 on Thursday. The firm has a market capitalization of $327.97 million, a price-to-earnings ratio of -1.91 and a beta of 1.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.62 and a current ratio of 0.96. The business’s fifty day moving average price is $6.38 and its two-hundred day moving average price is $6.97. Funko, Inc. has a 52 week low of $5.27 and a 52 week high of $13.42.

Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, March 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). Funko had a negative return on equity of 20.78% and a negative net margin of 14.06%. The business had revenue of $291.24 million for the quarter, compared to analyst estimates of $284.90 million. On average, analysts predict that Funko, Inc. will post -0.34 earnings per share for the current year.

Analyst Ratings Changes

Separately, B. Riley began coverage on Funko in a research report on Wednesday, April 10th. They issued a “buy” rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Funko currently has a consensus rating of “Hold” and an average price target of $8.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Working Capital Advisors UK Ltd. boosted its position in shares of Funko by 4.6% in the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after purchasing an additional 310,639 shares during the last quarter. Cooper Creek Partners Management LLC boosted its position in shares of Funko by 2.4% in the 3rd quarter. Cooper Creek Partners Management LLC now owns 3,638,044 shares of the company’s stock worth $27,831,000 after purchasing an additional 84,000 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Funko by 1,188.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,307,647 shares of the company’s stock worth $10,004,000 after purchasing an additional 1,206,130 shares during the last quarter. Parcion Private Wealth LLC lifted its holdings in Funko by 698.4% during the fourth quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company’s stock worth $9,842,000 after acquiring an additional 1,113,788 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in Funko during the third quarter worth about $8,693,000. 99.15% of the stock is currently owned by institutional investors.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.