Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells $378,823.04 in Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 27,712 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 20,186 shares of the company’s stock, valued at $275,942.62. The trade was a 57.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

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 transaction of $5,012.00.

Funko Trading Up 4.8 %

FNKO opened at $14.50 on Thursday. The stock has a 50-day moving average of $11.83 and a 200 day moving average of $10.96. 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 firm has a market cap of $785.26 million, a P/E ratio of -30.21 and a beta of 1.16.

Hedge Funds Weigh In On Funko

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Funko by 9.7% in the second quarter. Bank of New York Mellon Corp now owns 113,833 shares of the company’s stock worth $1,111,000 after buying an additional 10,034 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Funko by 9.0% during the 2nd quarter. Rhumbline Advisers now owns 54,180 shares of the company’s stock worth $529,000 after purchasing an additional 4,475 shares during the period. Los Angeles Capital Management LLC bought a new position in Funko during the 2nd quarter valued at about $388,000. Quest Partners LLC purchased a new stake in Funko in the 2nd quarter worth about $25,000. Finally, Chesapeake Capital Corp IL bought a new stake in Funko in the second quarter worth about $336,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FNKO. DA Davidson reiterated a “buy” rating and issued a $16.00 target price on shares of Funko in a research report on Thursday, January 2nd. B. Riley upped their price objective on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, Stifel Nicolaus raised their target price on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday, January 3rd.

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.