Funko, Inc. (NASDAQ:FNKO) Insider Brian Richard Mariotti Sells 38,688 Shares

Funko, Inc. (NASDAQ:FNKOGet Rating) insider Brian Richard Mariotti sold 38,688 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $17.92, for a total value of $693,288.96. Following the completion of the sale, the insider now owns 53,451 shares of the company’s stock, valued at approximately $957,841.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Brian Richard Mariotti also recently made the following trade(s):

  • On Friday, March 4th, Brian Richard Mariotti sold 106,720 shares of Funko stock. The shares were sold at an average price of $20.20, for a total value of $2,155,744.00.

Shares of FNKO stock traded down $0.39 during trading hours on Wednesday, reaching $17.04. 365,804 shares of the company’s stock were exchanged, compared to its average volume of 497,805. The stock’s 50 day moving average is $17.48 and its 200-day moving average is $17.66. The company has a market cap of $865.43 million, a price-to-earnings ratio of 15.93, a P/E/G ratio of 0.28 and a beta of 2.21. 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, Inc. has a fifty-two week low of $15.28 and a fifty-two week high of $27.20.

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

Several hedge funds have recently modified their holdings of the company. Barclays PLC increased its position in shares of Funko by 43.9% during the fourth quarter. Barclays PLC now owns 40,022 shares of the company’s stock worth $751,000 after purchasing an additional 12,203 shares in the last quarter. BlackRock Inc. increased its position in shares of Funko by 11.0% in the 4th quarter. BlackRock Inc. now owns 1,929,027 shares of the company’s stock valued at $36,265,000 after acquiring an additional 191,425 shares during the period. Wells Fargo & Company MN increased its position in shares of Funko by 18.3% in the 4th quarter. Wells Fargo & Company MN now owns 50,445 shares of the company’s stock valued at $948,000 after acquiring an additional 7,807 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Funko by 31.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 431,767 shares of the company’s stock valued at $8,117,000 after acquiring an additional 102,618 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Funko by 6.6% in the 4th quarter. California State Teachers Retirement System now owns 33,194 shares of the company’s stock valued at $624,000 after acquiring an additional 2,046 shares during the period. 68.10% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised their price target on Funko from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 4th. DA Davidson boosted their price objective on Funko from $34.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, March 4th. Zacks Investment Research upgraded Funko from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, March 8th. Finally, BMO Capital Markets lifted their target price on Funko from $18.00 to $21.00 in a report on Monday, March 7th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $26.74.

Funko Company Profile (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.

Further Reading

Insider Buying and Selling by Quarter for Funko (NASDAQ:FNKO)

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