Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le Sells 1,344 Shares

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 1,344 shares of Funko stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $11.79, for a total value of $15,845.76. Following the sale, the chief financial officer now directly owns 32,504 shares in the company, valued at approximately $383,222.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Funko Stock Performance

NASDAQ:FNKO opened at $11.35 on Wednesday. The company has a market cap of $608.35 million, a price-to-earnings ratio of -4.52 and a beta of 1.18. Funko, Inc. has a 1 year low of $5.36 and a 1 year high of $12.04. The stock’s 50 day simple moving average is $9.81 and its two-hundred day simple moving average is $8.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.59.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. The firm had revenue of $247.70 million during the quarter, compared to analyst estimates of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. Funko’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.53) earnings per share. As a group, equities analysts anticipate that Funko, Inc. will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Funko

Large investors have recently made changes to their positions in the business. Working Capital Advisors UK Ltd. lifted its holdings 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 valued at $55,114,000 after acquiring an additional 310,639 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after purchasing an additional 619,114 shares during the period. Marshall Wace LLP lifted its stake in shares of Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares during the last quarter. Bayberry Capital Partners LP boosted its holdings in shares of Funko by 48.1% in the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock worth $7,328,000 after purchasing an additional 308,000 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of Funko during the 2nd quarter valued at approximately $6,996,000. 99.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on FNKO. DA Davidson reaffirmed a “buy” rating and set a $12.00 price objective on shares of Funko in a report on Friday, August 9th. Stifel Nicolaus raised their target price on shares of Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, B. Riley boosted their price target on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th.

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.