Andrew David Oddie Sells 34,656 Shares of Funko (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 34,656 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $6.00, for a total value of $207,936.00. Following the completion of the transaction, the insider directly owned 34,657 shares of the company’s stock, valued at approximately $207,942. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew David Oddie also recently made the following trade(s):

• On Monday, March 16th, Andrew David Oddie sold 6,250 shares of Funko stock. The stock was sold at an average price of $3.71, for a total value of $23,187.50.
• On Friday, March 13th, Andrew David Oddie sold 4,844 shares of Funko stock. The shares were sold at an average price of $4.13, for a total value of $20,005.72.
• On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The shares were sold at an average price of $4.35, for a total value of $24,986.40.

Funko Stock Performance

NASDAQ FNKO opened at $5.24 on Thursday. The stock has a market capitalization of $291.03 million, a PE ratio of -4.99 and a beta of 0.82. The business has a 50 day simple moving average of $4.05 and a two-hundred day simple moving average of $3.73. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.15 and a quick ratio of 0.85. Funko, Inc. has a 1-year low of $2.22 and a 1-year high of $6.09.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.23. The business had revenue of $200.92 million during the quarter, compared to analysts’ expectations of $188.60 million. Funko had a negative return on equity of 21.03% and a negative net margin of 6.30%.

Institutional Investors Weigh In On Funko

Several institutional investors have recently modified their holdings of the stock. Fund 1 Investments LLC lifted its stake in shares of Funko by 13.4% in the 3rd quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company’s stock valued at $18,624,000 after purchasing an additional 640,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Funko by 850,199.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock valued at $11,564,000 after purchasing an additional 3,400,796 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Funko by 48.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,340,267 shares of the company’s stock valued at $4,611,000 after purchasing an additional 439,907 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Funko by 13.0% in the second quarter. Qube Research & Technologies Ltd now owns 1,271,984 shares of the company’s stock worth $6,055,000 after buying an additional 146,023 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Funko by 10.1% during the 4th quarter. Geode Capital Management LLC now owns 954,902 shares of the company’s stock worth $3,247,000 after acquiring an additional 87,475 shares during the last quarter. 99.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on FNKO. The Goldman Sachs Group raised their price target on Funko from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Monday. Truist Financial set a $6.50 price target on Funko in a report on Friday, March 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $6.50.

About Funko

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.