Tracy D. Daw Sells 10,000 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 10,000 shares of Funko stock in a transaction on Friday, September 13th. The stock was sold at an average price of $12.00, for a total transaction of $120,000.00. Following the sale, the insider now owns 6,362 shares in the company, valued at $76,344. The sale was disclosed in a document filed with the SEC, which is available through this link.

Funko Trading Up 1.5 %

NASDAQ FNKO opened at $11.52 on Thursday. The firm’s fifty day moving average is $9.85 and its two-hundred day moving average is $8.41. Funko, Inc. has a one year low of $5.36 and a one year high of $12.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.92. The firm has a market cap of $617.46 million, a PE ratio of -4.59 and a beta of 1.18.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.05 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $231.04 million. During the same quarter in the prior year, the business earned ($0.53) earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts expect that Funko, Inc. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Stifel Nicolaus raised their price objective on Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. DA Davidson restated a “buy” rating and set a $12.00 price target on shares of Funko in a research note on Friday, August 9th. Finally, B. Riley lifted their price target on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Funko in the 2nd quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Funko in the 4th quarter valued at approximately $34,000. Paloma Partners Management Co purchased a new stake in shares of Funko in the first quarter valued at approximately $67,000. EntryPoint Capital LLC acquired a new position in Funko during the first quarter worth $73,000. Finally, RPO LLC purchased a new position in Funko in the fourth quarter worth $86,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

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.