Insider Selling: Funko (NASDAQ:FNKO) Insider Sells $207,936.00 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 34,656 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $6.00, for a total transaction of $207,936.00. Following the sale, the insider directly owned 34,657 shares in the company, valued at $207,942. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 16th, Andrew David Oddie sold 6,250 shares of Funko stock. The stock was sold at an average price of $3.71, for a total transaction of $23,187.50.
• 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 transaction of $20,005.72.
• On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The stock was sold at an average price of $4.35, for a total transaction of $24,986.40.

Funko Price Performance

Funko stock opened at $5.11 on Friday. Funko, Inc. has a 12-month low of $2.22 and a 12-month high of $6.09. The stock has a market capitalization of $283.81 million, a P/E ratio of -4.87 and a beta of 0.82. The firm’s 50-day moving average is $4.06 and its two-hundred day moving average is $3.75. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.15 and a quick ratio of 0.85.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.23. Funko had a negative net margin of 6.30% and a negative return on equity of 21.03%. The company had revenue of $200.92 million for the quarter, compared to analysts’ expectations of $188.60 million.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FNKO. Truist Financial set a $6.50 price target on shares of Funko in a research note on Friday, March 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group increased their price objective on shares of Funko from $4.00 to $6.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Funko has an average rating of “Hold” and an average price target of $6.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fund 1 Investments LLC lifted its holdings in shares of Funko by 13.4% during the 3rd quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company’s stock worth $18,624,000 after acquiring an additional 640,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Funko by 850,199.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock worth $11,564,000 after acquiring an additional 3,400,796 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Funko by 48.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,340,267 shares of the company’s stock worth $4,611,000 after acquiring an additional 439,907 shares during the period. Qube Research & Technologies Ltd lifted its holdings in shares of Funko by 13.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,271,984 shares of the company’s stock worth $6,055,000 after acquiring an additional 146,023 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Funko by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 954,902 shares of the company’s stock worth $3,247,000 after acquiring an additional 87,475 shares during the period. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

About Funko

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.