Funko, Inc. (NASDAQ:FNKO) Insider Tracy D. Daw Sells 3,755 Shares

Funko, Inc. (NASDAQ:FNKO - Get Free Report) insider Tracy D. Daw sold 3,755 shares of the firm's stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $6.06, for a total transaction of $22,755.30. Following the completion of the transaction, the insider now directly owns 62,425 shares of the company's stock, valued at $378,295.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Funko Price Performance

Funko stock traded down $0.08 during mid-day trading on Wednesday, hitting $6.01. 641,713 shares of the company traded hands, compared to its average volume of 455,487. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.62 and a current ratio of 0.96. Funko, Inc. has a one year low of $5.27 and a one year high of $13.42. The stock has a market cap of $318.95 million, a price-to-earnings ratio of -1.89 and a beta of 1.04. The stock has a fifty day moving average price of $6.28 and a 200-day moving average price of $6.93.

Funko (NASDAQ:FNKO - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. The firm had revenue of $291.24 million for the quarter, compared to analysts' expectations of $284.90 million. On average, equities analysts predict that Funko, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Funko

Hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its holdings in shares of Funko by 1,188.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,307,647 shares of the company's stock valued at $10,004,000 after buying an additional 1,206,130 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Funko during the third quarter valued at approximately $8,693,000. Parcion Private Wealth LLC raised its stake in shares of Funko by 698.4% during the fourth quarter. Parcion Private Wealth LLC now owns 1,273,265 shares of the company's stock worth $9,842,000 after acquiring an additional 1,113,788 shares in the last quarter. Pertento Partners LLP bought a new stake in shares of Funko in the 3rd quarter worth approximately $3,932,000. Finally, Working Capital Advisors UK Ltd. boosted its stake in shares of Funko by 4.6% in the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company's stock valued at $55,114,000 after purchasing an additional 310,639 shares in the last quarter. Institutional investors own 99.15% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on Funko in a research report on Wednesday, April 10th. They issued a "buy" rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.92.

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.

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