Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 18,608 Shares of Stock

Funko, Inc. (NASDAQ:FNKO - Get Free Report) insider Tracy D. Daw sold 18,608 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total value of $132,861.12. Following the completion of the sale, the insider now owns 26,332 shares of the company's stock, valued at $188,010.48. This trade represents a 41.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Funko Trading Up 0.8 %

FNKO stock traded up $0.06 during midday trading on Friday, hitting $7.30. 1,717,013 shares of the company's stock were exchanged, compared to its average volume of 666,537. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $14.65. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $395.34 million, a PE ratio of -15.21 and a beta of 0.94. The business has a 50-day simple moving average of $11.95 and a two-hundred day simple moving average of $11.88.

Institutional Trading of Funko

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP boosted its stake in Funko by 384.3% during the fourth quarter. Marshall Wace LLP now owns 1,542,440 shares of the company's stock worth $20,653,000 after buying an additional 1,223,939 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Funko in the 4th quarter worth approximately $13,783,000. JPMorgan Chase & Co. boosted its position in shares of Funko by 5,486.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company's stock worth $10,133,000 after purchasing an additional 814,357 shares during the period. Balyasny Asset Management L.P. increased its holdings in Funko by 123.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 817,638 shares of the company's stock valued at $10,948,000 after purchasing an additional 451,806 shares during the last quarter. Finally, Nomura Holdings Inc. raised its position in Funko by 19.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company's stock valued at $32,845,000 after purchasing an additional 404,849 shares during the period. 99.15% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

FNKO has been the subject of several analyst reports. DA Davidson dropped their target price on Funko from $16.00 to $13.00 and set a "buy" rating for the company in a report on Friday, March 7th. Stifel Nicolaus upped their price objective on shares of Funko from $11.00 to $12.00 and gave the company a "hold" rating in a report on Friday, January 3rd.

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.