Funko, Inc. (NASDAQ:FNKO) Insider Andrew David Oddie Sells 27,712 Shares

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 27,712 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total value of $378,823.04. Following the transaction, the insider now directly owns 20,186 shares in the company, valued at $275,942.62. The trade was a 57.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Andrew David Oddie also recently made the following trade(s):

• On Monday, January 6th, Andrew David Oddie sold 358 shares of Funko stock. The shares were sold at an average price of $14.00, for a total value of $5,012.00.

Funko Trading Down 1.3 %

Shares of NASDAQ FNKO opened at $13.84 on Wednesday. The stock has a market cap of $749.57 million, a price-to-earnings ratio of -28.83 and a beta of 1.22. The business has a 50 day simple moving average of $11.79 and a 200 day simple moving average of $10.93. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $14.17.

Institutional Trading of Funko

Several large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Funko by 5,486.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after purchasing an additional 814,357 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Funko by 160.1% during the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after acquiring an additional 654,359 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Funko by 21.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after acquiring an additional 619,114 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Funko during the second quarter worth approximately $1,138,000. Finally, American Century Companies Inc. boosted its position in Funko by 81.1% during the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after purchasing an additional 112,007 shares during the period. 99.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on FNKO. Stifel Nicolaus raised their price target on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. B. Riley lifted their target price on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $16.00 price target on shares of Funko in a research note on Thursday, January 2nd.

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.