Insider Selling: Funko, Inc. (NASDAQ:FNKO) CFO Sells 2,490 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,490 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $7.10, for a total transaction of $17,679.00. Following the transaction, the chief financial officer now owns 40,719 shares in the company, valued at $289,104.90. The trade was a 5.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 shares were sold at an average price of $8.88, for a total transaction of $8,933.28.
• On Monday, March 10th, Pendeven Yves Le sold 320 shares of Funko stock. The shares were sold at an average price of $8.16, for a total transaction of $2,611.20.

Funko Stock Down 1.4 %

NASDAQ:FNKO opened at $7.24 on Friday. The firm has a market capitalization of $392.09 million, a P/E ratio of -15.08 and a beta of 0.94. Funko, Inc. has a 1-year low of $5.36 and a 1-year high of $14.65. The company’s fifty day moving average price is $12.09 and its 200-day moving average price is $11.89. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64.

Institutional Trading of Funko

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. increased its stake in shares of Funko by 19.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company’s stock worth $32,845,000 after acquiring an additional 404,849 shares during the period. Vanguard Group Inc. boosted its holdings in Funko by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock worth $26,222,000 after buying an additional 50,877 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Funko by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company’s stock worth $20,688,000 after buying an additional 234,981 shares in the last quarter. Marshall Wace LLP boosted its holdings in Funko by 384.3% during the fourth quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock worth $20,653,000 after buying an additional 1,223,939 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new stake in Funko during the fourth quarter worth $13,783,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on FNKO shares. DA Davidson cut their price target on shares of Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Stifel Nicolaus increased their price objective on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd.

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.