Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells $22,755.30 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 3,755 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $6.06, for a total transaction of $22,755.30. Following the completion of the transaction, the insider now directly owns 62,425 shares of the company’s stock, valued at approximately $378,295.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Funko Price Performance

Shares of FNKO opened at $6.57 on Friday. The company has a 50 day moving average of $6.24 and a two-hundred day moving average of $6.91. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. Funko, Inc. has a twelve month low of $5.27 and a twelve month high of $13.42. The company has a market cap of $348.67 million, a price-to-earnings ratio of -2.03 and a beta of 1.05.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, March 7th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to analyst estimates of $284.90 million. As a group, analysts predict that Funko, Inc. will post -0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Funko

Hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in Funko in the 3rd quarter worth approximately $25,000. Quarry LP acquired a new stake in shares of Funko during the fourth quarter worth $34,000. Tower Research Capital LLC TRC grew its holdings in shares of Funko by 145.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock valued at $63,000 after buying an additional 4,861 shares during the last quarter. RPO LLC acquired a new position in shares of Funko in the 4th quarter valued at $86,000. Finally, Virtu Financial LLC purchased a new position in Funko in the 4th quarter worth $177,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley started 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price 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.