Tracy D. Daw Sells 26,800 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKOGet Rating) insider Tracy D. Daw sold 26,800 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $22.78, for a total transaction of $610,504.00. Following the completion of the transaction, the insider now directly owns 46,730 shares of the company’s stock, valued at approximately $1,064,509.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Funko Stock Down 3.2 %

FNKO opened at $21.65 on Thursday. Funko, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.76 and a current ratio of 1.37. The company has a fifty day moving average of $23.01 and a two-hundred day moving average of $20.63. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 0.50 and a beta of 1.94.

Funko (NASDAQ:FNKOGet Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Funko had a net margin of 3.92% and a return on equity of 15.64%. The company had revenue of $315.72 million during the quarter, compared to analysts’ expectations of $292.63 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 33.7% on a year-over-year basis. On average, research analysts expect that Funko, Inc. will post 1.72 earnings per share for the current year.

Institutional Trading of Funko

Institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Funko by 2.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,338 shares of the company’s stock worth $476,000 after purchasing an additional 604 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Funko by 11.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,185 shares of the company’s stock worth $141,000 after purchasing an additional 850 shares during the last quarter. North Growth Management Ltd. raised its position in shares of Funko by 0.4% during the 1st quarter. North Growth Management Ltd. now owns 270,000 shares of the company’s stock worth $4,662,000 after purchasing an additional 1,000 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Funko by 3.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 36,573 shares of the company’s stock worth $816,000 after purchasing an additional 1,299 shares during the last quarter. Finally, Parcion Private Wealth LLC raised its position in shares of Funko by 0.3% during the 1st quarter. Parcion Private Wealth LLC now owns 512,160 shares of the company’s stock worth $8,835,000 after purchasing an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FNKO. JPMorgan Chase & Co. raised shares of Funko from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $28.00 in a report on Thursday, June 23rd. Bank of America raised their target price on shares of Funko from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, September 15th. DA Davidson reduced their target price on shares of Funko from $50.00 to $48.00 and set a “buy” rating for the company in a report on Friday, August 5th. Finally, The Goldman Sachs Group raised their target price on shares of Funko from $23.00 to $25.50 and gave the stock a “neutral” rating in a report on Wednesday, September 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.25.

About Funko

(Get Rating)

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 vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.

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Insider Buying and Selling by Quarter for Funko (NASDAQ:FNKO)

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