Funko (NASDAQ:FNKO) CFO Sells $10,591.68 in Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,832 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $3.74, for a total transaction of $10,591.68. Following the transaction, the chief financial officer directly owned 58,074 shares of the company’s stock, valued at $217,196.76. The trade was a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, March 13th, Pendeven Yves Le sold 3,199 shares of Funko stock. The stock was sold at an average price of $4.14, for a total transaction of $13,243.86.
• On Monday, March 9th, Pendeven Yves Le sold 1,192 shares of Funko stock. The stock was sold at an average price of $4.34, for a total transaction of $5,173.28.

Funko Trading Down 6.8%

Shares of FNKO stock traded down $0.28 during trading hours on Monday, hitting $3.85. The company had a trading volume of 3,312,903 shares, compared to its average volume of 1,428,013. Funko, Inc. has a 12 month low of $2.22 and a 12 month high of $7.70. The firm’s fifty day moving average is $4.15 and its 200 day moving average is $3.56. The company has a current ratio of 1.19, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, March 12th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $273.10 million during the quarter, compared to analysts’ expectations of $260.71 million. Funko had a negative return on equity of 25.96% and a negative net margin of 7.42%. As a group, equities research analysts forecast that Funko, Inc. will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in Funko by 1.9% during the 4th quarter. Invesco Ltd. now owns 143,809 shares of the company’s stock worth $489,000 after acquiring an additional 2,717 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Funko by 2.5% in the fourth quarter. Russell Investments Group Ltd. now owns 119,879 shares of the company’s stock worth $408,000 after acquiring an additional 2,930 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Funko by 8.1% in the second quarter. Rhumbline Advisers now owns 49,431 shares of the company’s stock worth $235,000 after acquiring an additional 3,697 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Funko by 14.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,276 shares of the company’s stock worth $175,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Caption Management LLC grew its stake in shares of Funko by 8.8% during the second quarter. Caption Management LLC now owns 82,500 shares of the company’s stock valued at $393,000 after purchasing an additional 6,676 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

FNKO has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Funko from a “sell” rating to a “hold” rating in a research note on Sunday, November 16th. Truist Financial set a $6.50 target price on shares of Funko in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of Funko from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.83.

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.