Michael C. Lunsford Sells 7,361 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) Director Michael C. Lunsford sold 7,361 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $12.02, for a total transaction of $88,479.22. Following the completion of the transaction, the director now owns 108,613 shares in the company, valued at approximately $1,305,528.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Funko Stock Down 1.0 %

Funko stock opened at $11.63 on Friday. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $12.35. The stock has a market cap of $623.36 million, a PE ratio of -4.63 and a beta of 1.18. The firm’s 50-day simple moving average is $10.44 and its 200 day simple moving average is $8.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.59 and a current ratio of 0.92.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. The firm had revenue of $247.70 million for the quarter, compared to analysts’ expectations of $231.04 million. Funko had a negative net margin of 4.06% and a negative return on equity of 4.69%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.53) earnings per share. Research analysts predict that Funko, Inc. will post -0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Working Capital Advisors UK Ltd. increased its holdings in Funko by 4.6% during the 4th quarter. Working Capital Advisors UK Ltd. now owns 7,129,838 shares of the company’s stock worth $55,114,000 after acquiring an additional 310,639 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Funko by 21.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after purchasing an additional 619,114 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares in the last quarter. Bayberry Capital Partners LP boosted its stake 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 in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Funko in the 2nd quarter valued at $6,996,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FNKO shares. Stifel Nicolaus boosted their target price on shares of Funko from $8.00 to $9.00 and gave the company a “hold” rating in a report on Thursday, July 25th. DA Davidson reaffirmed a “buy” rating and issued a $12.00 price target on shares of Funko in a research note on Friday, August 9th. Finally, B. Riley lifted their price target on shares of Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th.

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.