Funko (NASDAQ:FNKO) CFO Pendeven Yves Le Sells 3,199 Shares

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Yves Le sold 3,199 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $4.14, for a total value of $13,243.86. Following the completion of the sale, the chief financial officer owned 52,506 shares of the company’s stock, valued at $217,374.84. The trade was a 5.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, March 16th, Pendeven Yves Le sold 2,832 shares of Funko stock. The shares were sold at an average price of $3.74, for a total value of $10,591.68.
• On Monday, March 9th, Pendeven Yves Le sold 1,192 shares of Funko stock. The stock was sold at an average price of $4.34, for a total value of $5,173.28.

Funko Stock Down 6.8%

Shares of NASDAQ:FNKO traded down $0.28 during trading on Monday, hitting $3.85. 3,312,903 shares of the company’s stock were exchanged, compared to its average volume of 1,428,013. The business’s 50-day simple moving average is $4.15 and its 200 day simple moving average is $3.56. Funko, Inc. has a 52-week low of $2.22 and a 52-week high of $7.70. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 1.19.

Funko (NASDAQ:FNKO) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. Funko had a negative return on equity of 25.96% and a negative net margin of 7.42%.The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $260.71 million. As a group, research analysts anticipate that Funko, Inc. will post -0.12 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on FNKO. Truist Financial set a $6.50 target price on shares of Funko in a research note on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Funko in a report on Thursday, January 22nd. The Goldman Sachs Group raised their price objective on Funko from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Wall Street Zen raised Funko from a “sell” rating to a “hold” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.83.

Institutional Investors Weigh In On Funko

Large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Funko by 95.3% during the first quarter. Royal Bank of Canada now owns 32,345 shares of the company’s stock valued at $222,000 after purchasing an additional 15,782 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Funko by 343.6% in the 1st quarter. AQR Capital Management LLC now owns 340,130 shares of the company’s stock worth $2,333,000 after buying an additional 263,451 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Funko by 296.6% in the 1st quarter. Jane Street Group LLC now owns 74,124 shares of the company’s stock worth $508,000 after buying an additional 55,436 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Funko by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 867,243 shares of the company’s stock worth $4,129,000 after buying an additional 44,448 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its position in shares of Funko by 33.7% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 57,713 shares of the company’s stock valued at $275,000 after buying an additional 14,555 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.