Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells $14,612.13 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 2,353 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were 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 of the company’s stock, valued at $375,555.96. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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 shares were 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 shares were sold at an average price of $6.41, for a total value of $21,935.02.

Funko Price Performance

FNKO stock opened at $6.21 on Friday. The company has a market capitalization of $329.56 million, a P/E ratio of -1.92 and a beta of 1.04. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.62 and a current ratio of 0.96. Funko, Inc. has a 52-week low of $5.27 and a 52-week high of $13.42. The business has a 50-day simple moving average of $6.36 and a two-hundred day simple moving average of $6.96.

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

Hedge Funds Weigh In On Funko

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in shares of Funko in the 4th quarter worth approximately $177,000. Quarry LP purchased a new position in shares of Funko in the 4th quarter worth approximately $34,000. Bayberry Capital Partners LP boosted its stake in shares of Funko by 48.1% in the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock worth $7,328,000 after buying an additional 308,000 shares during the last quarter. Working Capital Advisors UK Ltd. boosted its stake in shares of Funko by 4.6% in the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after buying an additional 310,639 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Funko by 145.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock worth $63,000 after buying an additional 4,861 shares during the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley began coverage on Funko in a research note on Wednesday, April 10th. They set a “buy” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.92.

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.