Equity Genpar L.L.C. Acon Sells 99,306 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKOGet Rating) Director Equity Genpar L.L.C. Acon sold 99,306 shares of the business’s stock in a transaction on Tuesday, April 12th. The shares were sold at an average price of $18.01, for a total transaction of $1,788,501.06. Following the sale, the director now owns 16,058 shares of the company’s stock, valued at approximately $289,204.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Equity Genpar L.L.C. Acon also recently made the following trade(s):

  • On Friday, April 8th, Equity Genpar L.L.C. Acon sold 52,402 shares of Funko stock. The shares were sold at an average price of $18.12, for a total transaction of $949,524.24.
  • On Monday, March 7th, Equity Genpar L.L.C. Acon sold 60,532 shares of Funko stock. The shares were sold at an average price of $19.56, for a total transaction of $1,184,005.92.
  • On Friday, March 4th, Equity Genpar L.L.C. Acon sold 712,845 shares of Funko stock. The shares were sold at an average price of $20.14, for a total transaction of $14,356,698.30.
  • On Wednesday, February 16th, Equity Genpar L.L.C. Acon sold 25,702 shares of Funko stock. The shares were sold at an average price of $18.05, for a total transaction of $463,921.10.

FNKO stock traded down $0.42 during trading on Tuesday, hitting $17.43. The company had a trading volume of 526,921 shares, compared to its average volume of 499,692. The firm has a market capitalization of $885.23 million, a price-to-earnings ratio of 16.29, a P/E/G ratio of 0.28 and a beta of 2.21. The business has a 50 day moving average of $17.48 and a 200 day moving average of $17.66. Funko, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.20. The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 0.39.

Funko (NASDAQ:FNKOGet Rating) last posted its quarterly earnings data on Thursday, March 3rd. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.14. The business had revenue of $336.30 million during the quarter, compared to the consensus estimate of $272.49 million. Funko had a net margin of 4.27% and a return on equity of 18.00%. The company’s quarterly revenue was up 48.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. As a group, equities analysts predict that Funko, Inc. will post 1.6 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Funko by 11.0% in the fourth quarter. BlackRock Inc. now owns 1,929,027 shares of the company’s stock worth $36,265,000 after purchasing an additional 191,425 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Funko by 3.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,449,247 shares of the company’s stock valued at $27,246,000 after acquiring an additional 43,056 shares during the last quarter. Hood River Capital Management LLC lifted its holdings in Funko by 168.6% in the 3rd quarter. Hood River Capital Management LLC now owns 1,393,910 shares of the company’s stock valued at $25,383,000 after acquiring an additional 874,943 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Funko by 25.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 871,024 shares of the company’s stock valued at $15,861,000 after acquiring an additional 173,932 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Funko by 6.7% in the 3rd quarter. Two Sigma Advisers LP now owns 647,100 shares of the company’s stock valued at $11,784,000 after acquiring an additional 40,700 shares during the last quarter. 68.10% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on FNKO. Jefferies Financial Group boosted their target price on shares of Funko from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, March 4th. Zacks Investment Research upgraded shares of Funko from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Tuesday, March 8th. DA Davidson upped their price target on shares of Funko from $34.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, March 4th. Finally, BMO Capital Markets upped their price target on shares of Funko from $18.00 to $21.00 in a research report on Monday, March 7th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Funko presently has a consensus rating of “Buy” and an average target price of $26.74.

About Funko (Get Rating)

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.

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