Funko (NASDAQ:FNKO) CFO Sells 35,907 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 35,907 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $6.51, for a total value of $233,754.57. Following the completion of the sale, the chief financial officer owned 35,907 shares of the company’s stock, valued at $233,754.57. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pendeven Yves Le also recently made the following trade(s):

• On Friday, August 28th, Pendeven Le sold 6,862 shares of Funko stock. The shares were sold at an average price of $7.02, for a total transaction of $48,171.24.
• 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 transaction of $28,000.00.

Funko Price Performance

FNKO traded down $0.30 during midday trading on Thursday, hitting $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 capitalization of $318.24 million, a price-to-earnings ratio of -142.21 and a beta of 0.94. The business has a 50 day simple moving average of $5.95 and a two-hundred day simple moving average of $5.03. The company has a current ratio of 1.16, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. Funko, Inc. has a 52-week low of $2.72 and a 52-week high of $7.35.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.47. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. The business had revenue of $207.72 million during the quarter, compared to the consensus estimate of $200.96 million. On average, equities analysts forecast that Funko, Inc. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Funko

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Funko by 1.9% in the 4th quarter. Invesco Ltd. now owns 143,809 shares of the company’s stock valued at $489,000 after purchasing an additional 2,717 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Funko by 2.5% during the fourth quarter. Russell Investments Group Ltd. now owns 119,879 shares of the company’s stock worth $408,000 after purchasing an additional 2,930 shares in the last quarter. Rhumbline Advisers boosted its holdings in Funko by 8.1% in the 2nd quarter. Rhumbline Advisers now owns 49,431 shares of the company’s stock valued at $235,000 after purchasing an additional 3,697 shares in the last quarter. Bank of New York Mellon Corp increased its position in Funko by 4.7% during the 1st quarter. Bank of New York Mellon Corp now owns 103,125 shares of the company’s stock worth $325,000 after purchasing an additional 4,607 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Funko by 14.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,276 shares of the company’s stock valued at $175,000 after buying an additional 6,500 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Funko to a “hold” rating in a research note on Wednesday, August 26th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $6.75 price target on shares of Funko in a report on Monday, August 10th. Seaport Research Partners initiated coverage on Funko in a report on Monday, August 24th. They issued a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen upgraded Funko from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Finally, DA Davidson increased their price target on shares of Funko from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Funko presently has an average rating of “Hold” and an average target price of $7.08.

Funko Company Profile

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.