Funko, Inc. (NASDAQ:FNKO) Insider Andrew David Oddie Sells 2,353 Shares

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 2,353 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $6.21, for a total transaction of $14,612.13. Following the completion of the transaction, the insider now directly owns 60,476 shares of the company’s stock, valued at approximately $375,555.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, March 11th, Andrew David Oddie sold 2,337 shares of Funko stock. The shares were sold at an average price of $6.62, for a total transaction of $15,470.94.
• On Thursday, March 7th, Andrew David Oddie sold 3,422 shares of Funko stock. The shares were sold at an average price of $6.41, for a total transaction of $21,935.02.

Funko Trading Down 1.1 %

Shares of FNKO opened at $6.11 on Wednesday. The stock has a market capitalization of $324.26 million, a P/E ratio of -1.89 and a beta of 1.04. The company has a quick ratio of 0.62, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $6.97. Funko, Inc. has a twelve month low of $5.27 and a twelve month high of $13.42.

Funko (NASDAQ:FNKO) last announced its quarterly earnings results on Thursday, March 7th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $291.24 million during the quarter, compared to analysts’ expectations of $284.90 million. Funko had a negative net margin of 14.06% and a negative return on equity of 20.78%. On average, research analysts anticipate that Funko, Inc. will post -0.34 EPS for the current year.

Institutional Investors Weigh In On Funko

Several institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Funko by 6.2% during the 3rd quarter. Principal Financial Group Inc. now owns 40,578 shares of the company’s stock valued at $310,000 after buying an additional 2,384 shares during the period. Strs Ohio purchased a new stake in Funko during the 3rd quarter valued at $25,000. Quarry LP bought a new position in Funko in the 4th quarter worth $34,000. Tower Research Capital LLC TRC raised its holdings in Funko by 145.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,210 shares of the company’s stock worth $63,000 after purchasing an additional 4,861 shares in the last quarter. Finally, RPO LLC bought a new position in Funko in the 4th quarter worth $86,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley began coverage on shares of Funko in a research note on Wednesday, April 10th. They issued a “buy” rating and a $10.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $8.92.

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.