Funko (NASDAQ:FNKO) CEO Josh Simon Sells 181,893 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) CEO Josh Simon sold 181,893 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $5.79, for a total transaction of $1,053,160.47. Following the completion of the transaction, the chief executive officer owned 151,440 shares in the company, valued at $876,837.60. This trade represents a 54.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Funko Trading Down 0.2%

FNKO opened at $5.68 on Friday. Funko, Inc. has a twelve month low of $2.72 and a twelve month high of $7.35. The company has a fifty day moving average of $5.95 and a 200-day moving average of $5.04. The stock has a market cap of $317.69 million, a PE ratio of -141.96 and a beta of 0.94. The company has a quick ratio of 0.79, a current ratio of 1.16 and a debt-to-equity ratio of 0.97.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.47. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. The business had revenue of $207.72 million for the quarter, compared to analyst estimates of $200.96 million. On average, sell-side analysts predict that Funko, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Funko to a “hold” rating in a report on Wednesday, August 26th. Wall Street Zen raised shares of Funko from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. The Goldman Sachs Group reiterated a “neutral” rating and set a $6.75 price objective on shares of Funko in a report on Monday, August 10th. Seaport Research Partners began coverage on shares of Funko in a research report on Monday, August 24th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, DA Davidson upped their price target on Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.08.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Boothbay Fund Management LLC acquired a new position in shares of Funko during the fourth quarter valued at about $63,000. Engineers Gate Manager LP acquired a new stake in shares of Funko in the 4th quarter worth about $82,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Funko in the 3rd quarter worth about $86,000. Odyssean LLC bought a new position in Funko in the 4th quarter valued at about $98,000. Finally, Royal Bank of Canada boosted its position in shares of 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 buying an additional 15,782 shares during the last quarter. 99.15% of the stock is owned by institutional investors.

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.