Tracy D. Daw Sells 18,608 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 18,608 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total value of $132,861.12. Following the sale, the insider now directly owns 26,332 shares of the company’s stock, valued at $188,010.48. This represents a 41.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Funko Trading Up 2.9 %

Shares of Funko stock opened at $7.34 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96. Funko, Inc. has a 52 week low of $5.36 and a 52 week high of $14.65. The stock has a 50 day moving average price of $12.23 and a two-hundred day moving average price of $11.92. The stock has a market capitalization of $397.51 million, a PE ratio of -15.29 and a beta of 0.94.

Institutional Investors Weigh In On Funko

A number of hedge funds have recently added to or reduced their stakes in FNKO. Marshall Wace LLP grew its stake in Funko by 384.3% in the fourth quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock valued at $20,653,000 after acquiring an additional 1,223,939 shares during the period. Divisadero Street Capital Management LP bought a new position in shares of Funko in the fourth quarter valued at approximately $13,783,000. JPMorgan Chase & Co. lifted its holdings in shares of Funko by 5,486.5% in the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after purchasing an additional 814,357 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Funko by 123.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 817,638 shares of the company’s stock valued at $10,948,000 after purchasing an additional 451,806 shares in the last quarter. Finally, Nomura Holdings Inc. lifted its holdings in shares of Funko by 19.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company’s stock valued at $32,845,000 after purchasing an additional 404,849 shares in the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Stifel Nicolaus raised their target price on Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. DA Davidson reduced their price objective on Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, March 7th.

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.