Pendeven Yves Le Sells 1,344 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 1,344 shares of Funko stock in a transaction on Monday, September 16th. The shares were sold at an average price of $11.79, for a total transaction of $15,845.76. Following the completion of the transaction, the chief financial officer now directly owns 32,504 shares of the company’s stock, valued at approximately $383,222.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Funko Trading Up 1.5 %

Shares of Funko stock opened at $11.52 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $12.04. The firm has a market capitalization of $617.46 million, a PE ratio of -4.59 and a beta of 1.18. The firm’s 50-day moving average price is $9.85 and its 200 day moving average price is $8.41.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.25. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The business had revenue of $247.70 million for the quarter, compared to the consensus estimate of $231.04 million. During the same quarter last year, the business posted ($0.53) earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Funko, Inc. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Funko

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNKO. Assenagon Asset Management S.A. acquired a new position in Funko during the second quarter worth about $6,996,000. Marshall Wace LLP increased its holdings in shares of Funko by 160.1% in the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after buying an additional 619,114 shares in the last quarter. Working Capital Advisors UK Ltd. boosted its stake in Funko by 4.6% during the fourth quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after buying an additional 310,639 shares during the last quarter. Finally, Bayberry Capital Partners LP grew its holdings 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 in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on FNKO shares. DA Davidson restated a “buy” rating and issued a $12.00 price target on shares of Funko in a research note on Friday, August 9th. Stifel Nicolaus raised their price objective on 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 target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th.

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.