Insider Selling: Funko, Inc. (NASDAQ:FNKO) CFO Sells 2,490 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 2,490 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $7.10, for a total value of $17,679.00. Following the completion of the sale, the chief financial officer now directly owns 40,719 shares in the company, valued at approximately $289,104.90. The trade was a 5.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Pendeven Yves Le also recently made the following trade(s):

• On Friday, March 7th, Pendeven Yves Le sold 1,006 shares of Funko stock. The shares were sold at an average price of $8.88, for a total value of $8,933.28.
• On Monday, March 10th, Pendeven Yves Le sold 320 shares of Funko stock. The shares were sold at an average price of $8.16, for a total value of $2,611.20.

Funko Price Performance

FNKO opened at $7.34 on Thursday. The firm has a market cap of $397.51 million, a price-to-earnings ratio of -15.29 and a beta of 0.94. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $14.65. The company’s 50-day moving average price is $12.23 and its 200 day moving average price is $11.92. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44.

Institutional Investors Weigh In On Funko

Several institutional investors and hedge funds have recently bought and sold shares of the business. Nomura Holdings Inc. raised its stake in Funko by 19.8% during the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company’s stock worth $32,845,000 after acquiring an additional 404,849 shares during the period. Vanguard Group Inc. increased its stake in shares of Funko by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock valued at $26,222,000 after purchasing an additional 50,877 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Funko by 17.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company’s stock valued at $20,688,000 after purchasing an additional 234,981 shares during the period. Marshall Wace LLP increased its stake in shares of 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 purchasing an additional 1,223,939 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new stake in shares of Funko in the fourth quarter valued at approximately $13,783,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. DA Davidson dropped their price objective on Funko from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, March 7th. Stifel Nicolaus upped their price objective on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, January 3rd.

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.