Andrew David Oddie Sells 2,353 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 2,353 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $6.21, for a total value of $14,612.13. Following the completion of the sale, the insider now directly owns 60,476 shares in the company, valued at approximately $375,555.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, March 11th, Andrew David Oddie sold 2,337 shares of Funko stock. The stock was sold at an average price of $6.62, for a total value of $15,470.94.
• On Thursday, March 7th, Andrew David Oddie sold 3,422 shares of Funko stock. The stock was sold at an average price of $6.41, for a total value of $21,935.02.

Funko Stock Up 1.1 %

Shares of Funko stock opened at $6.18 on Thursday. The business’s fifty day moving average price is $6.38 and its two-hundred day moving average price is $6.97. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.62. The company has a market capitalization of $327.97 million, a P/E ratio of -1.91 and a beta of 1.04. Funko, Inc. has a 1-year low of $5.27 and a 1-year high of $13.42.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $291.24 million for the quarter, compared to the consensus estimate of $284.90 million. Funko had a negative return on equity of 20.78% and a negative net margin of 14.06%. As a group, research analysts forecast that Funko, Inc. will post -0.34 EPS for the current year.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on Funko in a report on Wednesday, April 10th. They issued a “buy” rating and a $10.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Funko presently has a consensus rating of “Hold” and a consensus target price of $8.92.

Institutional Trading of Funko

Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its stake in Funko by 1,188.1% during the third quarter. Assenagon Asset Management S.A. now owns 1,307,647 shares of the company’s stock valued at $10,004,000 after buying an additional 1,206,130 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Funko during the third quarter worth about $8,693,000. Parcion Private Wealth LLC grew its holdings in Funko by 698.4% during the fourth quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company’s stock worth $9,842,000 after acquiring an additional 1,113,788 shares during the period. Pertento Partners LLP acquired a new position in Funko during the third quarter worth about $3,932,000. Finally, Working Capital Advisors UK Ltd. grew its holdings in Funko by 4.6% during the fourth quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after acquiring an additional 310,639 shares during the period. Institutional investors own 99.15% of the company’s stock.

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.