Funko (NASDAQ:FNKO) CFO Pendeven Yves Le Sells 35,907 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 35,907 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $6.51, for a total transaction of $233,754.57. Following the transaction, the chief financial officer directly owned 35,907 shares in the company, valued at approximately $233,754.57. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 28th, Pendeven Le sold 6,862 shares of Funko stock. The shares were sold at an average price of $7.02, for a total value of $48,171.24.
• On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The shares were sold at an average price of $7.00, for a total value of $28,000.00.

Funko Price Performance

Shares of NASDAQ:FNKO traded down $0.30 during midday trading on Thursday, hitting $5.69. 1,695,699 shares of the stock were exchanged, compared to its average volume of 1,428,789. Funko, Inc. has a twelve month low of $2.72 and a twelve month high of $7.35. The company has a current ratio of 1.16, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average price of $5.95 and a 200-day moving average price of $5.03. The stock has a market cap of $318.24 million, a P/E ratio of -142.21 and a beta of 0.94.

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

Hedge Funds Weigh In On Funko

A number of hedge funds have recently made changes to their positions in FNKO. Boothbay Fund Management LLC purchased a new stake in Funko during the 4th quarter worth $63,000. Engineers Gate Manager LP acquired a new stake in Funko during the 4th quarter valued at $82,000. Brown Brothers Harriman & Co. purchased a new stake in Funko during the 3rd quarter worth $86,000. Odyssean LLC purchased a new position in Funko in the 4th quarter valued at about $98,000. Finally, Royal Bank of Canada grew its stake 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 acquiring an additional 15,782 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Wall Street Analyst Weigh In

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

About Funko

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.