Funko (NASDAQ:FNKO) CFO Sells $48,171.24 in Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 6,862 shares of the business’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $7.02, for a total value of $48,171.24. Following the completion of the transaction, the chief financial officer directly owned 35,907 shares in the company, valued at approximately $252,067.14. This represents a 16.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pendeven Yves Le also recently made the following trade(s):

• On Tuesday, September 1st, Pendeven Le sold 35,907 shares of Funko stock. The shares were sold at an average price of $6.51, for a total value of $233,754.57.
• On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The stock was sold at an average price of $7.00, for a total value of $28,000.00.

Funko Price Performance

Shares of NASDAQ:FNKO opened at $5.68 on Friday. The company has a market capitalization of $317.68 million, a P/E ratio of -141.96 and a beta of 0.94. The company’s 50-day moving average is $5.95 and its 200 day moving average is $5.04. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.16. Funko, Inc. has a fifty-two week low of $2.72 and a fifty-two week high of $7.35.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.47. The business had revenue of $207.72 million during the quarter, compared to the consensus estimate of $200.96 million. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. On average, equities research analysts forecast that Funko, Inc. will post 0.34 earnings per share for the current year.

Institutional Investors Weigh In On Funko

Several hedge funds and other institutional investors have recently modified their holdings of FNKO. Boothbay Fund Management LLC bought a new position in shares of Funko in the fourth quarter valued at approximately $63,000. Engineers Gate Manager LP bought a new stake in Funko during the 4th quarter worth approximately $82,000. Brown Brothers Harriman & Co. purchased a new stake in Funko in the 3rd quarter worth approximately $86,000. Odyssean LLC purchased a new stake in Funko in the 4th quarter worth approximately $98,000. Finally, Royal Bank of Canada boosted its holdings in Funko by 95.3% in the 1st quarter. Royal Bank of Canada now owns 32,345 shares of the company’s stock valued at $222,000 after purchasing an additional 15,782 shares during the period. 99.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FNKO has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a report on Friday, July 17th. Seaport Research Partners assumed coverage on Funko in a report on Monday, August 24th. They set a “buy” rating and a $8.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.75 target price on shares of Funko in a research report on Monday, August 10th. DA Davidson boosted their target price on Funko from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised Funko from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.08.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.