Pendeven Yves Le Sells 1,344 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 1,344 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $11.79, for a total transaction of $15,845.76. Following the completion of the sale, the chief financial officer now owns 32,504 shares of the company’s stock, valued at approximately $383,222.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Funko Stock Performance

Shares of FNKO stock traded up $0.19 on Tuesday, hitting $11.35. 271,696 shares of the stock were exchanged, compared to its average volume of 531,062. The firm’s 50 day moving average is $9.81 and its two-hundred day moving average is $8.39. Funko, Inc. has a one year low of $5.36 and a one year high of $12.04. The firm has a market capitalization of $612.22 million, a PE ratio of -4.52 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49.

Funko (NASDAQ:FNKO) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.25. The firm had revenue of $247.70 million during the quarter, compared to analyst estimates of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.53) earnings per share. Sell-side analysts expect that Funko, Inc. will post -0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on FNKO shares. B. Riley increased their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. Stifel Nicolaus lifted their target price on Funko from $8.00 to $9.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, DA Davidson restated a “buy” rating and set a $12.00 price target on shares of Funko in a research report on Friday, August 9th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Working Capital Advisors UK Ltd. lifted its position in shares of Funko by 4.6% during the fourth quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after acquiring an additional 310,639 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Funko by 21.2% during 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 purchasing an additional 619,114 shares during the period. Marshall Wace LLP lifted its holdings in Funko by 160.1% during the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock worth $10,375,000 after purchasing an additional 654,359 shares in the last quarter. Bayberry Capital Partners LP lifted its holdings in Funko by 48.1% during the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock worth $7,328,000 after purchasing an additional 308,000 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Funko in the 2nd quarter worth about $6,996,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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.