Funko, Inc. (NASDAQ:FNKO) CEO Sells $64,602.72 in Stock

Funko, Inc. (NASDAQ:FNKOGet Rating) CEO Andrew Mark Perlmutter sold 3,978 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $16.24, for a total transaction of $64,602.72. Following the sale, the chief executive officer now directly owns 131,461 shares of the company’s stock, valued at approximately $2,134,926.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Andrew Mark Perlmutter also recently made the following trade(s):

  • On Friday, April 22nd, Andrew Mark Perlmutter sold 2,466 shares of Funko stock. The stock was sold at an average price of $17.07, for a total transaction of $42,094.62.
  • On Tuesday, March 8th, Andrew Mark Perlmutter sold 1,170 shares of Funko stock. The stock was sold at an average price of $17.77, for a total transaction of $20,790.90.

FNKO stock opened at $17.01 on Wednesday. The company has a fifty day moving average price of $17.30 and a 200-day moving average price of $17.47. The company has a market capitalization of $863.90 million, a P/E ratio of 15.90, a PEG ratio of 0.25 and a beta of 2.11. Funko, Inc. has a 52-week low of $15.28 and a 52-week high of $27.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.59.

Funko (NASDAQ:FNKOGet Rating) last released its quarterly earnings results on Thursday, March 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.14. The firm 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 revenue for the quarter was up 48.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, sell-side analysts forecast that Funko, Inc. will post 1.6 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd bought a new position in shares of Funko during the fourth quarter valued at $33,000. C M Bidwell & Associates Ltd. bought a new position in shares of Funko during the third quarter valued at $40,000. New York State Teachers Retirement System raised its stake in shares of Funko by 130.0% during the fourth quarter. New York State Teachers Retirement System now owns 2,300 shares of the company’s stock valued at $43,000 after acquiring an additional 1,300 shares during the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of Funko during the first quarter valued at $85,000. Finally, BNP Paribas Arbitrage SA increased its position in shares of Funko by 425.2% during the third quarter. BNP Paribas Arbitrage SA now owns 5,719 shares of the company’s stock worth $104,000 after buying an additional 4,630 shares during the period. 66.08% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Jefferies Financial Group increased their price objective 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. DA Davidson increased their price objective on shares of Funko from $34.00 to $46.00 and gave the company 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. Finally, 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. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Funko presently has a consensus rating of “Buy” and an average target price of $26.99.

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.

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

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