Funko, Inc. (NASDAQ:FNKO) Insider Tracy D. Daw Sells 20,000 Shares

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $9.33, for a total transaction of $186,600.00. Following the completion of the sale, the insider now owns 16,362 shares of the company’s stock, valued at approximately $152,657.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Funko Trading Down 0.4 %

FNKO stock opened at $9.34 on Thursday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.52 and a current ratio of 0.87. Funko, Inc. has a 52-week low of $5.27 and a 52-week high of $11.14. The stock’s fifty day simple moving average is $8.60 and its 200-day simple moving average is $7.45.

Funko (NASDAQ:FNKO) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.25) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.10. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. The company had revenue of $215.70 million during the quarter, compared to analysts’ expectations of $218.26 million. Equities analysts predict that Funko, Inc. will post -0.27 EPS for the current year.

Institutional Trading of Funko

Several institutional investors have recently made changes to their positions in FNKO. Quarry LP purchased a new stake in shares of Funko during the 4th quarter valued at $34,000. Tower Research Capital LLC TRC grew its stake in Funko by 145.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock worth $63,000 after buying an additional 4,861 shares during the period. Paloma Partners Management Co purchased a new stake in Funko during the first quarter worth approximately $67,000. EntryPoint Capital LLC purchased a new stake in Funko during the first quarter worth approximately $73,000. Finally, RPO LLC purchased a new stake in Funko during the fourth quarter worth approximately $86,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. B. Riley lifted their price target on shares of Funko from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, May 10th. DA Davidson lifted their price objective on Funko from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Funko currently has a consensus rating of “Hold” and a consensus target price of $9.33.

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.