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

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

Funko Price Performance

NASDAQ FNKO traded up $0.19 during trading hours on Tuesday, hitting $11.35. The company had a trading volume of 271,696 shares, compared to its average volume of 531,062. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $12.04. The firm has a market capitalization of $612.22 million, a price-to-earnings ratio of -4.52 and a beta of 1.18. 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 50 day simple moving average of $9.78 and a 200 day simple moving average of $8.36.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.25. The company had revenue of $247.70 million during the quarter, compared to analyst estimates of $231.04 million. Funko had a negative return on equity of 4.69% and a negative net margin of 4.06%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned ($0.53) earnings per share. Equities research analysts expect that Funko, Inc. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

FNKO has been the subject 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 target on shares of Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, B. Riley raised their price objective on shares of Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th.

Hedge Funds Weigh In On Funko

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quest Partners LLC bought a new stake in shares of Funko during the 2nd quarter worth $25,000. Quarry LP purchased a new stake in Funko during the fourth quarter valued at about $34,000. Paloma Partners Management Co bought a new stake in Funko during the first quarter worth about $67,000. RPO LLC purchased a new position in shares of Funko in the 4th quarter worth about $86,000. Finally, EntryPoint Capital LLC bought a new position in shares of Funko during the 1st quarter valued at about $73,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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.