Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells $183,857.50 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total value of $183,857.50. Following the completion of the transaction, the insider now owns 6,362 shares of the company’s stock, valued at $79,843.10. The trade was a 69.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Funko Stock Performance

Shares of NASDAQ:FNKO opened at $12.49 on Monday. The business has a 50-day moving average of $11.51 and a two-hundred day moving average of $10.69. The firm has a market capitalization of $676.41 million, a PE ratio of -26.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $12.86.

Institutional Trading of Funko

A number of institutional investors and hedge funds have recently bought and sold shares of FNKO. Marshall Wace LLP increased its position in shares of Funko by 160.1% in the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock worth $10,375,000 after acquiring an additional 654,359 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Funko by 21.2% in the 2nd 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 in the last quarter. Renaissance Technologies LLC purchased a new position in Funko in the second quarter valued at about $1,138,000. American Century Companies Inc. lifted its stake in shares of Funko by 81.1% during the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after purchasing an additional 112,007 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Funko in the third quarter worth about $860,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Ratings Changes

FNKO has been the subject of several recent analyst reports. B. Riley lifted their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, September 12th. DA Davidson restated a “buy” rating and issued a $16.00 target price on shares of Funko in a report on Thursday, November 14th. Finally, Stifel Nicolaus increased their price target on shares of Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd.

About Funko

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.