Andrew David Oddie Sells 27,712 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 27,712 shares of Funko stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the sale, the insider now directly owns 20,186 shares of the company’s stock, valued at $275,942.62. This represents a 57.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Andrew David Oddie also recently made the following trade(s):

• On Monday, January 6th, Andrew David Oddie sold 358 shares of Funko stock. The shares were sold at an average price of $14.00, for a total value of $5,012.00.

Funko Trading Up 4.8 %

Shares of NASDAQ:FNKO opened at $14.50 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. Funko, Inc. has a 12-month low of $5.36 and a 12-month high of $14.65. The business has a 50 day moving average of $11.83 and a two-hundred day moving average of $10.96. The company has a market capitalization of $785.26 million, a PE ratio of -30.21 and a beta of 1.16.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on FNKO shares. Stifel Nicolaus upped their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. B. Riley boosted their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, DA Davidson restated a “buy” rating and set a $16.00 price target on shares of Funko in a research note on Thursday, January 2nd.

Hedge Funds Weigh In On Funko

Several large investors have recently made changes to their positions in FNKO. Quest Partners LLC purchased a new position in Funko in the second quarter valued at $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Funko in the 2nd quarter valued at about $121,000. Walleye Capital LLC acquired a new position in Funko in the 3rd quarter worth about $129,000. SG Americas Securities LLC purchased a new position in Funko during the third quarter worth approximately $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Funko in the third quarter valued at approximately $196,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

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.