Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 7,893 Shares of Stock
Funko, Inc. (NASDAQ:FNKO – Get Rating) insider Tracy D. Daw sold 7,893 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $22.64, for a total value of $178,697.52. Following the sale, the insider now directly owns 5,326 shares of the company’s stock, valued at approximately $120,580.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Funko stock traded up $0.50 on Friday, hitting $24.16. The stock had a trading volume of 1,577,533 shares, compared to its average volume of 592,323. Funko, Inc. has a 52-week low of $15.28 and a 52-week high of $25.08. The company has a current ratio of 1.69, a quick ratio of 1.01 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 0.60 and a beta of 2.09. The company’s 50 day moving average price is $19.27 and its 200 day moving average price is $18.16.
Funko (NASDAQ:FNKO – Get Rating) last posted its earnings results on Thursday, May 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.12. Funko had a return on equity of 18.40% and a net margin of 4.12%. The business had revenue of $308.34 million during the quarter, compared to the consensus estimate of $271.99 million. During the same period in the previous year, the business earned $0.18 EPS. The business’s quarterly revenue was up 63.0% on a year-over-year basis. Analysts predict that Funko, Inc. will post 1.69 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC increased its position in Funko by 8.4% in the 3rd quarter. Voya Investment Management LLC now owns 10,704 shares of the company’s stock valued at $195,000 after acquiring an additional 832 shares during the period. New York State Teachers Retirement System increased its position in Funko by 130.0% during the 4th quarter. New York State Teachers Retirement System now owns 2,300 shares of the company’s stock worth $43,000 after purchasing an additional 1,300 shares during the period. Dimensional Fund Advisors LP increased its position in Funko by 60.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 376,321 shares of the company’s stock worth $6,853,000 after purchasing an additional 141,878 shares during the period. North Growth Management Ltd. increased its position in Funko by 348.3% during the 4th quarter. North Growth Management Ltd. now owns 269,000 shares of the company’s stock worth $5,063,000 after purchasing an additional 209,000 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Funko by 28.3% during the 4th quarter. BNP Paribas Arbitrage SA now owns 7,335 shares of the company’s stock worth $138,000 after purchasing an additional 1,616 shares during the period. 66.08% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on FNKO shares. Jefferies Financial Group lifted their price objective on Funko from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, March 4th. DA Davidson lifted their target price on Funko from $34.00 to $46.00 and gave the company a “buy” rating in a report on Friday, March 4th. BMO Capital Markets lifted their target price on Funko from $18.00 to $21.00 in a report on Monday, March 7th. Finally, JPMorgan Chase & Co. raised Funko from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $28.00 in a report on Thursday.
About Funko (Get Rating)
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 vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.
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