Key Points
- Funko CFO Pendeven Yves Le sold 35,907 shares at an average price of $6.51, generating $233,754.57 and reducing his direct holdings by 50%. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Funko’s stock opened at $5.69, with a market capitalization of approximately $318 million and a one-year trading range of $2.72 to $7.35. The company recently exceeded quarterly earnings and revenue expectations, reporting $0.26 EPS and $207.72 million in revenue.
- Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $7.08, while institutional investors own approximately 99.15% of the company’s shares.
Funko, Inc. (NASDAQ:FNKO - Get Free Report) CFO Pendeven Le sold 6,862 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $7.02, for a total value of $48,171.24. Following the transaction, the chief financial officer directly owned 35,907 shares of the company's stock, valued at $252,067.14. This trade represents a 16.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Pendeven Yves Le also recently made the following trade(s):
- On Tuesday, September 1st, Pendeven Le sold 35,907 shares of Funko stock. The shares were sold at an average price of $6.51, for a total value of $233,754.57.
- On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The stock was sold at an average price of $7.00, for a total value of $28,000.00.
Funko Trading Down 5.0%
Shares of Funko stock opened at $5.69 on Friday. Funko, Inc. has a 12-month low of $2.72 and a 12-month high of $7.35. The stock has a market cap of $318.24 million, a P/E ratio of -142.21 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. The business's 50 day moving average is $5.95 and its 200-day moving average is $5.03.
Funko (NASDAQ:FNKO - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share 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 during the quarter, compared to analysts' expectations of $200.96 million. Equities research analysts predict that Funko, Inc. will post 0.34 earnings per share for the current fiscal year.
Analysts Set New Price Targets
FNKO has been the subject of a number of analyst reports. Zacks Research raised shares of Funko to a "hold" rating in a research report on Wednesday, August 26th. Seaport Research Partners initiated coverage on shares of Funko in a report on Monday, August 24th. They issued a "buy" rating and a $8.00 target price on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Funko in a research note on Friday, July 17th. Wall Street Zen upgraded Funko from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Finally, DA Davidson boosted their price target on Funko from $7.00 to $8.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $7.08.
Check Out Our Latest Research Report on Funko
Hedge Funds Weigh In On Funko
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fund 1 Investments LLC increased its holdings in shares of Funko by 13.4% in the third quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company's stock valued at $18,624,000 after purchasing an additional 640,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Funko by 850,199.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company's stock worth $11,564,000 after buying an additional 3,400,796 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Funko by 48.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,340,267 shares of the company's stock worth $4,611,000 after buying an additional 439,907 shares during the period. Qube Research & Technologies Ltd grew its stake in Funko by 13.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,271,984 shares of the company's stock valued at $6,055,000 after buying an additional 146,023 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Funko by 10.1% in the 4th quarter. Geode Capital Management LLC now owns 954,902 shares of the company's stock valued at $3,247,000 after buying an additional 87,475 shares during the last quarter. 99.15% of the stock is owned by institutional investors.
Funko Company Profile
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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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