Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 9,580 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 9,580 shares of Funko stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $4.96, for a total transaction of $47,516.80. Following the completion of the transaction, the insider now owns 52,203 shares in the company, valued at approximately $258,926.88. This represents a 15.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, April 22nd, Andrew David Oddie sold 2,436 shares of Funko stock. The shares were sold at an average price of $4.17, for a total transaction of $10,158.12.
• On Friday, March 14th, Andrew David Oddie sold 746 shares of Funko stock. The stock was sold at an average price of $7.16, for a total transaction of $5,341.36.
• On Monday, March 10th, Andrew David Oddie sold 2,563 shares of Funko stock. The stock was sold at an average price of $8.13, for a total value of $20,837.19.
• On Friday, March 7th, Andrew David Oddie sold 3,867 shares of Funko stock. The stock was sold at an average price of $8.87, for a total value of $34,300.29.

Funko Trading Down 9.1%

Shares of NASDAQ FNKO opened at $4.69 on Thursday. The company has a market cap of $255.77 million, a price-to-earnings ratio of -9.77 and a beta of 0.85. The stock’s 50 day simple moving average is $5.50 and its 200 day simple moving average is $10.06. 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 $3.50 and a 12-month high of $14.65.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, topping the consensus estimate of ($0.43) by $0.10. The business had revenue of $190.74 million during the quarter, compared to the consensus estimate of $191.96 million. Funko had a negative net margin of 2.29% and a negative return on equity of 3.44%. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.17) earnings per share. Equities research analysts expect that Funko, Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised Funko from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $5.50 in a report on Wednesday. DA Davidson dropped their target price on shares of Funko from $13.00 to $7.00 and set a “buy” rating for the company in a report on Friday, May 9th.

Institutional Trading of Funko

A number of hedge funds have recently modified their holdings of FNKO. New York State Teachers Retirement System purchased a new position in Funko in the fourth quarter valued at about $38,000. Intech Investment Management LLC acquired a new position in shares of Funko during the 4th quarter worth about $148,000. Hsbc Holdings PLC bought a new position in Funko in the 4th quarter worth approximately $152,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Funko during the fourth quarter worth approximately $183,000. Finally, AlphaQuest LLC increased its position in Funko by 115.8% during the fourth quarter. AlphaQuest LLC now owns 14,154 shares of the company’s stock worth $190,000 after acquiring an additional 7,595 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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.