Insider Selling: Funko (NASDAQ:FNKO) CFO Sells 6,862 Shares

by · The Markets Daily

Funko, Inc. (NASDAQ:FNKO – Get Free Report) CFO Pendeven Le sold 6,862 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $7.02, for a total transaction of $48,171.24. Following the completion of the sale, the chief financial officer directly owned 35,907 shares of the company’s stock, valued at $252,067.14. This represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Tuesday, September 1st, Pendeven Le sold 35,907 shares of Funko stock. The stock was sold at an average price of $6.51, for a total value of $233,754.57.
  • On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The stock was sold at an average price of $7.00, for a total value of $28,000.00.

Funko Price Performance

FNKO traded down $0.30 during trading on Thursday, reaching $5.69. 1,695,699 shares of the company traded hands, compared to its average volume of 1,428,789. The company has a market cap of $318.24 million, a P/E ratio of -142.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. Funko, Inc. has a 12-month low of $2.72 and a 12-month high of $7.35. The firm has a fifty day simple moving average of $5.95 and a 200 day simple moving average of $5.03.

Funko (NASDAQ:FNKO – Get Free Report) last issued 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. The firm had revenue of $207.72 million for the quarter, compared to analysts’ expectations of $200.96 million. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%. On average, equities analysts forecast that Funko, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. DA Davidson lifted their price target on shares of Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Funko from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Seaport Research Partners started coverage on shares of Funko in a research note on Monday, August 24th. They issued a “buy” rating and a $8.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Friday, July 17th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $6.75 price target on shares of Funko in a report on Monday, August 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Funko presently has an average rating of “Hold” and an average target price of $7.08.

Check Out Our Latest Stock Report on FNKO

Institutional Trading of Funko

Institutional investors and hedge funds have recently made changes to their positions in the company. Boothbay Fund Management LLC bought a new position in Funko during the 4th quarter worth about $63,000. Engineers Gate Manager LP purchased a new stake in shares of Funko in the 4th quarter worth approximately $82,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Funko in the 3rd quarter worth approximately $86,000. Odyssean LLC bought a new position in shares of Funko during the fourth quarter valued at approximately $98,000. Finally, Royal Bank of Canada boosted its stake in shares of Funko by 95.3% during the first quarter. Royal Bank of Canada now owns 32,345 shares of the company’s stock valued at $222,000 after purchasing an additional 15,782 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors.

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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