Funko, Inc. (NASDAQ:FNKO) Insider Sells $132,861.12 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 18,608 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the sale, the insider now directly owns 26,332 shares of the company’s stock, valued at $188,010.48. The trade was a 41.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Funko Trading Down 1.4 %

NASDAQ:FNKO opened at $7.24 on Friday. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $14.65. The firm has a 50 day moving average of $12.09 and a 200 day moving average of $11.89. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $392.09 million, a price-to-earnings ratio of -15.08 and a beta of 0.94.

Institutional Investors Weigh In On Funko

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Funko during the fourth quarter valued at approximately $38,000. Quest Partners LLC lifted its position in Funko by 160.9% during the third quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock valued at $80,000 after acquiring an additional 4,045 shares during the last quarter. Walleye Capital LLC purchased a new stake in Funko during the third quarter valued at approximately $129,000. Intech Investment Management LLC purchased a new stake in Funko during the fourth quarter valued at approximately $148,000. Finally, Hsbc Holdings PLC purchased a new stake in Funko during the fourth quarter valued at approximately $152,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

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

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.