Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le Sells 2,490 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,490 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $7.10, for a total value of $17,679.00. Following the sale, the chief financial officer now directly owns 40,719 shares of the company’s stock, valued at $289,104.90. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Pendeven Yves Le also recently made the following trade(s):

• On Friday, March 7th, Pendeven Yves Le sold 1,006 shares of Funko stock. The stock was sold at an average price of $8.88, for a total value of $8,933.28.
• On Monday, March 10th, Pendeven Yves Le sold 320 shares of Funko stock. The stock was sold at an average price of $8.16, for a total value of $2,611.20.

Funko Stock Down 0.8 %

FNKO opened at $7.13 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The business has a 50 day simple moving average of $12.38 and a 200-day simple moving average of $11.95. The stock has a market capitalization of $386.13 million, a P/E ratio of -14.85 and a beta of 0.94. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $14.65.

Institutional Trading of Funko

Several hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp acquired a new stake in shares of Funko in the 4th quarter valued at approximately $599,000. Wolverine Trading LLC purchased a new position in Funko in the 4th quarter valued at approximately $489,000. Vident Advisory LLC increased its stake in Funko by 48.8% in the 4th quarter. Vident Advisory LLC now owns 39,833 shares of the company’s stock valued at $533,000 after purchasing an additional 13,057 shares in the last quarter. State of Wyoming increased its stake in Funko by 115.2% in the 4th quarter. State of Wyoming now owns 22,731 shares of the company’s stock valued at $304,000 after purchasing an additional 12,169 shares in the last quarter. Finally, Man Group plc purchased a new position in Funko in the 4th quarter valued at approximately $293,000. 99.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FNKO. Stifel Nicolaus increased their price objective on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Friday, January 3rd. DA Davidson decreased their price objective on Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

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.