Funko, Inc. (NASDAQ:FNKO) CFO Sells $870,271.73 in Stock

Funko, Inc. (NASDAQ:FNKOGet Rating) CFO Jung Jennifer Fall sold 37,207 shares of Funko stock in a transaction on Monday, September 19th. The shares were sold at an average price of $23.39, for a total value of $870,271.73. Following the transaction, the chief financial officer now owns 52,310 shares in the company, valued at $1,223,530.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jung Jennifer Fall also recently made the following trade(s):

  • On Monday, August 15th, Jung Jennifer Fall sold 814 shares of Funko stock. The shares were sold at an average price of $20.64, for a total value of $16,800.96.

Funko Stock Performance

Shares of NASDAQ FNKO opened at $21.12 on Friday. Funko, Inc. has a 52-week low of $15.28 and a 52-week high of $27.79. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 0.47 and a beta of 1.94. The stock’s fifty day simple moving average is $22.96 and its 200 day simple moving average is $20.65.

Funko (NASDAQ:FNKOGet Rating) last issued its quarterly earnings results 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 return on equity of 15.64% and a net margin of 3.92%. The business had revenue of $315.72 million for the quarter, compared to the consensus estimate of $292.63 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Funko’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Funko, Inc. will post 1.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Graham Capital Management L.P. purchased a new position in shares of Funko during the first quarter valued at $1,204,000. BNP Paribas Arbitrage SA grew its holdings in shares of Funko by 28.3% during the fourth quarter. BNP Paribas Arbitrage SA now owns 7,335 shares of the company’s stock valued at $138,000 after buying an additional 1,616 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Funko by 1.4% during the fourth quarter. Northern Trust Corp now owns 256,733 shares of the company’s stock valued at $4,827,000 after buying an additional 3,431 shares in the last quarter. Victory Capital Management Inc. boosted its position in Funko by 1.9% during the first quarter. Victory Capital Management Inc. now owns 121,014 shares of the company’s stock valued at $2,046,000 after purchasing an additional 2,232 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in Funko during the fourth quarter valued at $2,421,000. Hedge funds and other institutional investors own 80.80% of the company’s stock.

Funko Company Profile

(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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