Insider Selling: Funko, Inc. (NASDAQ:FNKO) Director Sells 7,361 Shares of Stock

Funko, Inc. (NASDAQ:FNKO - Get Free Report) Director Michael C. Lunsford sold 7,361 shares of the business's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total value of $88,479.22. Following the completion of the transaction, the director now directly owns 108,613 shares in the company, valued at $1,305,528.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Funko Stock Down 2.7 %

Shares of NASDAQ:FNKO traded down $0.32 during trading on Wednesday, reaching $11.75. 273,617 shares of the stock were exchanged, compared to its average volume of 524,969. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $12.35. The stock has a fifty day moving average of $10.32 and a two-hundred day moving average of $8.77. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.59. The firm has a market cap of $629.79 million, a price-to-earnings ratio of -4.68 and a beta of 1.18.

Funko (NASDAQ:FNKO - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.25. The firm had revenue of $247.70 million for the quarter, compared to the consensus estimate of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The business's revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.53) earnings per share. Research analysts anticipate that Funko, Inc. will post -0.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FNKO has been the topic of a number of research reports. DA Davidson reiterated a "buy" rating and set a $12.00 target price on shares of Funko in a research report on Friday, August 9th. Stifel Nicolaus upped their price objective on shares of Funko from $8.00 to $9.00 and gave the company a "hold" rating in a report on Thursday, July 25th. Finally, B. Riley increased their price objective on shares of Funko from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Thursday, September 12th.

Hedge Funds Weigh In On Funko

Several large investors have recently added to or reduced their stakes in FNKO. GSA Capital Partners LLP purchased a new stake in shares of Funko in the first quarter worth approximately $656,000. Bayberry Capital Partners LP raised its position in Funko by 48.1% in the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company's stock valued at $7,328,000 after buying an additional 308,000 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Funko during the 2nd quarter valued at $6,996,000. Working Capital Advisors UK Ltd. boosted its holdings in Funko by 4.6% during the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company's stock worth $55,114,000 after acquiring an additional 310,639 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Funko by 21.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company's stock worth $34,609,000 after acquiring an additional 619,114 shares in the last quarter. Institutional investors own 99.15% of the company's stock.

Funko Company Profile

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.

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