Key Points
- Funko insider Andrew David Oddie sold 34,656 shares on May 8 at $6.00 each, totaling about $207,936. The sale cut his direct stake by 50% and was made under a pre-arranged Rule 10b5-1 plan.
- Funko reported better-than-expected quarterly results, posting a loss of $0.11 per share versus the $0.34 loss analysts expected. Revenue came in at $200.92 million, also above estimates.
- Wall Street’s view remains mixed but cautious, with analysts holding an average rating of “Hold” and a consensus price target of $6.50. Goldman Sachs recently raised its target to $6.00 while Weiss Ratings maintained a sell rating.
Funko, Inc. (NASDAQ:FNKO - Get Free Report) insider Andrew David Oddie sold 34,656 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $6.00, for a total value of $207,936.00. Following the completion of the transaction, the insider directly owned 34,657 shares in the company, valued at $207,942. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Andrew David Oddie also recently made the following trade(s):
- On Monday, March 16th, Andrew David Oddie sold 6,250 shares of Funko stock. The shares were sold at an average price of $3.71, for a total value of $23,187.50.
- On Friday, March 13th, Andrew David Oddie sold 4,844 shares of Funko stock. The shares were sold at an average price of $4.13, for a total value of $20,005.72.
- On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The shares were sold at an average price of $4.35, for a total value of $24,986.40.
Funko Stock Up 1.8%
Shares of FNKO stock opened at $5.54 on Wednesday. The stock's 50-day simple moving average is $4.04 and its 200-day simple moving average is $3.72. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.85 and a current ratio of 1.15. The firm has a market capitalization of $307.69 million, a PE ratio of -5.28 and a beta of 0.82. Funko, Inc. has a fifty-two week low of $2.22 and a fifty-two week high of $6.09.
Funko (NASDAQ:FNKO - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.23. The business had revenue of $200.92 million for the quarter, compared to analyst estimates of $188.60 million. Funko had a negative return on equity of 21.03% and a negative net margin of 6.30%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FNKO. The Goldman Sachs Group increased their price objective on Funko from $4.00 to $6.00 and gave the company a "neutral" rating in a report on Monday. Weiss Ratings reissued a "sell (d-)" rating on shares of Funko in a report on Tuesday, April 21st. Finally, Truist Financial set a $6.50 price objective on Funko in a report on Friday, March 13th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.50.
Read Our Latest Research Report on Funko
Institutional Trading of Funko
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Funko during the fourth quarter worth about $37,000. Boothbay Fund Management LLC acquired a new stake in Funko in the fourth quarter valued at approximately $63,000. Engineers Gate Manager LP purchased a new stake in shares of Funko in the fourth quarter valued at approximately $82,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Funko in the third quarter valued at approximately $86,000. Finally, Odyssean LLC purchased a new stake in shares of Funko in the fourth quarter valued at approximately $98,000. 99.15% of the stock is owned by institutional investors and hedge funds.
About Funko
(
Get Free Report)
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.
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