Key Points
- Funko CEO Josh Simon sold 181,893 shares at an average price of $5.79, generating approximately $1.05 million. The sale covered tax-withholding obligations tied to vested equity awards and reduced his position by 54.57% to 151,440 shares.
- Funko recently exceeded quarterly expectations, reporting $0.26 in earnings per share versus the consensus estimate of a $0.21 loss, while revenue reached $207.72 million compared with the $200.96 million forecast.
- Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $7.08 consensus price target. Shares opened at $5.68, compared with a 12-month range of $2.72 to $7.35.
Funko, Inc. (NASDAQ:FNKO - Get Free Report) 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 value 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. The trade was a 54.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Funko Stock Performance
Shares of FNKO opened at $5.68 on Friday. The stock has a 50 day moving average of $5.95 and a 200 day moving average of $5.04. The company has a market capitalization of $317.69 million, a price-to-earnings ratio of -141.96 and a beta of 0.94. Funko, Inc. has a 12 month low of $2.72 and a 12 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.
Funko (NASDAQ:FNKO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.47. The business had revenue of $207.72 million for the quarter, compared to analysts' expectations of $200.96 million. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%. As a group, sell-side analysts forecast that Funko, Inc. will post 0.34 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Boothbay Fund Management LLC bought a new stake in Funko during the 4th quarter valued at $63,000. Engineers Gate Manager LP bought a new position in shares of Funko in the fourth quarter worth $82,000. Brown Brothers Harriman & Co. purchased a new position in shares of Funko in the third quarter valued at $86,000. Odyssean LLC purchased a new position in shares of Funko in the fourth quarter valued at $98,000. Finally, Jain Global LLC purchased a new position in shares of Funko in the fourth quarter valued at $123,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on FNKO. Weiss Ratings restated a "sell (d-)" rating on shares of Funko in a report on Friday, July 17th. Wall Street Zen raised Funko from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. The Goldman Sachs Group restated a "neutral" rating and issued a $6.75 target price on shares of Funko in a research note on Monday, August 10th. Zacks Research raised Funko to a "hold" rating in a report on Wednesday, August 26th. Finally, Seaport Research Partners assumed coverage on Funko in a research note on Monday, August 24th. They issued a "buy" rating and a $8.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.08.
Get Our Latest Stock Analysis on Funko
Funko Company Profile
(
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.
Further Reading
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