Funko, Inc. (NASDAQ:FNKO) Director Sells $1,008,800.00 in Stock

Funko, Inc. (NASDAQ:FNKO) Director Michael C. Lunsford sold 97,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $10.40, for a total transaction of $1,008,800.00. Following the completion of the transaction, the director now owns 11,613 shares in the company, valued at $120,775.20. This trade represents a 89.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Funko Price Performance

FNKO opened at $10.33 on Friday. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $12.61. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $11.66 and its two-hundred day moving average price is $10.16. The stock has a market cap of $559.47 million, a price-to-earnings ratio of -21.52 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FNKO. B. Riley upped their target price on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, September 12th. DA Davidson reissued a “buy” rating and set a $16.00 price objective on shares of Funko in a report on Thursday, November 14th. Finally, Stifel Nicolaus raised their price target on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd.

Institutional Trading of Funko

Several hedge funds have recently made changes to their positions in FNKO. Massachusetts Financial Services Co. MA lifted 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 buying an additional 619,114 shares in the last quarter. Marshall Wace LLP boosted its stake in Funko by 160.1% during the second quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after buying an additional 654,359 shares during the period. Geode Capital Management LLC grew its holdings in shares of Funko by 1.6% during the third quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after purchasing an additional 13,002 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Funko in the 2nd quarter worth approximately $6,996,000. Finally, American Century Companies Inc. increased its holdings in shares of Funko by 81.1% in the 2nd quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after buying an additional 112,007 shares during the last quarter. 99.15% of the stock is currently owned by institutional investors.

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.