Funko, Inc. (NASDAQ:FNKO) Director Sells $56,345.00 in Stock

Funko, Inc. (NASDAQ:FNKO) Director Michael C. Lunsford sold 5,900 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $9.55, for a total transaction of $56,345.00. Following the transaction, the director now directly owns 98,974 shares in the company, valued at $945,201.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Funko Price Performance

Funko stock opened at $9.87 on Friday. Funko, Inc. has a 12-month low of $5.33 and a 12-month high of $10.53. The stock has a market cap of $529.02 million, a P/E ratio of -3.93 and a beta of 1.18. The company has a 50-day moving average price of $9.51 and a 200 day moving average price of $7.91. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 0.54.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.24. Funko had a negative net margin of 11.46% and a negative return on equity of 16.76%. The firm had revenue of $247.70 million during the quarter, compared to analysts’ expectations of $231.04 million. During the same period last year, the business earned ($0.53) earnings per share. Funko’s revenue was up 3.2% compared to the same quarter last year. Sell-side analysts anticipate that Funko, Inc. will post -0.27 earnings per share for the current year.

Institutional Investors Weigh In On Funko

A number of institutional investors have recently made changes to their positions in FNKO. Assenagon Asset Management S.A. acquired a new stake in shares of Funko during the second quarter valued at about $6,996,000. Marshall Wace LLP increased its position in shares of 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 acquiring an additional 654,359 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after acquiring an additional 619,114 shares during the last quarter. Working Capital Advisors UK Ltd. increased its position in shares of Funko by 4.6% during the fourth quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock valued at $55,114,000 after acquiring an additional 310,639 shares during the last quarter. Finally, Bayberry Capital Partners LP increased its position in shares of Funko by 48.1% during the fourth quarter. Bayberry Capital Partners LP now owns 948,000 shares of the company’s stock valued at $7,328,000 after acquiring an additional 308,000 shares during the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. DA Davidson reiterated a “buy” rating and issued a $12.00 target price on shares of Funko in a research report on Friday, August 9th. Stifel Nicolaus increased their target price on shares of Funko from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, B. Riley increased their target price 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.

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.