Jung Jennifer Fall Sells 1,850 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKOGet Rating) CFO Jung Jennifer Fall sold 1,850 shares of Funko stock in a transaction on Friday, April 22nd. The stock was sold at an average price of $17.04, for a total transaction of $31,524.00. Following the transaction, the chief financial officer now owns 12,004 shares in the company, valued at approximately $204,548.16. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of FNKO stock traded up $0.30 during mid-day trading on Monday, hitting $17.00. The company had a trading volume of 405,852 shares, compared to its average volume of 484,381. Funko, Inc. has a 52-week low of $15.28 and a 52-week high of $27.20. The stock’s 50 day moving average price is $17.39 and its 200-day moving average price is $17.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 1.00. The company has a market capitalization of $863.40 million, a P/E ratio of 15.89, a P/E/G ratio of 0.27 and a beta of 2.21.

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

FNKO has been the topic of several analyst reports. Jefferies Financial Group lifted their price target on shares of Funko from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 4th. BMO Capital Markets increased their price objective on shares of Funko from $18.00 to $21.00 in a research note on Monday, March 7th. Zacks Investment Research raised shares of Funko from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, March 8th. Finally, DA Davidson increased their price objective on shares of Funko from $34.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, March 4th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $26.99.

Hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC lifted its holdings in shares of Funko by 8.4% during the 3rd quarter. Voya Investment Management LLC now owns 10,704 shares of the company’s stock valued at $195,000 after purchasing an additional 832 shares during the last quarter. New York State Teachers Retirement System increased its holdings in Funko by 130.0% in the fourth quarter. New York State Teachers Retirement System now owns 2,300 shares of the company’s stock valued at $43,000 after buying an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Funko by 60.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 376,321 shares of the company’s stock worth $6,853,000 after purchasing an additional 141,878 shares during the period. North Growth Management Ltd. grew its holdings in Funko by 348.3% in the fourth quarter. North Growth Management Ltd. now owns 269,000 shares of the company’s stock valued at $5,063,000 after purchasing an additional 209,000 shares during the period. Finally, Swiss National Bank grew its position in shares of Funko by 3.9% in the third quarter. Swiss National Bank now owns 45,600 shares of the company’s stock valued at $830,000 after purchasing an additional 1,700 shares during the period. Institutional investors and hedge funds own 68.10% of the company’s stock.

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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