Andrew David Oddie Sells 6,250 Shares of Funko (NASDAQ:FNKO) Stock

by · The Cerbat Gem

Funko, Inc. (NASDAQ:FNKO – Get Free Report) insider Andrew David Oddie sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $3.71, for a total value of $23,187.50. Following the transaction, the insider directly owned 69,313 shares in the company, valued at $257,151.23. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, March 13th, Andrew David Oddie sold 4,844 shares of Funko stock. The stock was sold at an average price of $4.13, for a total value of $20,005.72.
  • On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The shares were sold at an average price of $4.35, for a total transaction of $24,986.40.

Funko Stock Performance

Shares of FNKO traded down $0.28 during mid-day trading on Monday, reaching $3.85. 3,312,903 shares of the stock traded hands, compared to its average volume of 1,428,013. The stock has a fifty day simple moving average of $4.15 and a 200 day simple moving average of $3.56. Funko, Inc. has a 12-month low of $2.22 and a 12-month high of $7.70. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09.

Funko (NASDAQ:FNKO – Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Funko had a negative net margin of 7.42% and a negative return on equity of 25.96%. The business had revenue of $273.10 million during the quarter, compared to analyst estimates of $260.71 million. On average, equities research analysts predict that Funko, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FNKO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research report on Thursday, January 22nd. Truist Financial set a $6.50 price objective on Funko in a research note on Friday. Wall Street Zen upgraded Funko from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. Finally, 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 report on Monday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Funko has a consensus rating of “Hold” and a consensus price target of $5.83.

View Our Latest Research Report on FNKO

Institutional Investors Weigh In On Funko

Institutional investors have recently modified their holdings of the stock. Hosking Partners LLP bought a new stake in Funko in the third quarter valued at about $4,853,000. American Century Companies Inc. lifted its holdings in Funko by 3.7% during the 2nd quarter. American Century Companies Inc. now owns 724,120 shares of the company’s stock worth $3,447,000 after buying an additional 25,776 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Funko by 33.7% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 57,713 shares of the company’s stock worth $275,000 after acquiring an additional 14,555 shares in the last quarter. Odyssean LLC bought a new stake in shares of Funko in the 4th quarter valued at approximately $98,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Funko in the 3rd quarter valued at approximately $86,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

About Funko

(Get Free Report)

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.

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