Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 14,650 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $12.55, for a total transaction of $183,857.50. Following the transaction, the insider now owns 6,362 shares in the company, valued at approximately $79,843.10. This trade represents a 69.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Funko Stock Performance

Shares of NASDAQ FNKO opened at $12.49 on Friday. The company has a 50 day simple moving average of $11.51 and a two-hundred day simple moving average of $10.68. The stock has a market cap of $676.41 million, a price-to-earnings ratio of -26.02 and a beta of 1.22. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $12.86.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Funko in a research note on Thursday, November 14th. B. Riley raised their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus lifted their price target on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in shares of Funko during the 2nd quarter valued at about $25,000. Walleye Capital LLC purchased a new position in Funko during the third quarter valued at approximately $129,000. SG Americas Securities LLC acquired a new position in Funko in the third quarter valued at approximately $136,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Funko in the 2nd quarter worth approximately $121,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Funko during the 3rd quarter worth approximately $196,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.