Funko, Inc. (NASDAQ:FNKO) Insider Tracy D. Daw Sells 3,755 Shares

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 3,755 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $6.06, for a total transaction of $22,755.30. Following the transaction, the insider now directly owns 62,425 shares in the company, valued at approximately $378,295.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Funko Trading Up 2.3 %

Shares of FNKO stock opened at $6.57 on Friday. The stock has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $6.91. The stock has a market capitalization of $348.67 million, a P/E ratio of -2.03 and a beta of 1.05. Funko, Inc. has a fifty-two week low of $5.27 and a fifty-two week high of $13.42. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.55.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $291.24 million during the quarter, compared to analyst estimates of $284.90 million. Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. On average, sell-side analysts expect that Funko, Inc. will post -0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on shares of Funko in a report on Wednesday, April 10th. They issued a “buy” rating and a $10.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Funko has an average rating of “Hold” and an average target price of $8.92.

Institutional Trading of Funko

A number of large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in shares of Funko in the first quarter valued at $656,000. BNP Paribas Financial Markets grew its holdings in shares of Funko by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 66,269 shares of the company’s stock worth $414,000 after acquiring an additional 2,342 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Funko during the fourth quarter worth $177,000. Quarry LP purchased a new stake in shares of Funko during the fourth quarter valued at $34,000. Finally, Bayberry Capital Partners LP boosted its position in shares of Funko by 48.1% in the 4th quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock valued at $7,328,000 after purchasing an additional 308,000 shares during the period. 99.15% of the stock is currently owned by 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.