Tracy D. Daw Sells 1,808 Shares of Funko, Inc. (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO – Get Rating) insider Tracy D. Daw sold 1,808 shares of the company’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $16.24, for a total transaction of $29,361.92. Following the sale, the insider now directly owns 13,219 shares of the company’s stock, valued at approximately $214,676.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Funko stock opened at $17.01 on Wednesday. The business has a 50 day moving average of $17.30 and a 200-day moving average of $17.47. Funko, Inc. has a 1 year low of $15.28 and a 1 year high of $27.20. 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 $863.90 million, a P/E ratio of 15.90, a P/E/G ratio of 0.25 and a beta of 2.11.

Funko (NASDAQ:FNKO – Get Rating) last released its quarterly earnings data 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. Funko had a return on equity of 18.00% and a net margin of 4.27%. The company had revenue of $336.30 million during the quarter, compared to the consensus estimate of $272.49 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The firm’s revenue was up 48.5% compared to the same quarter last year. Equities analysts anticipate that Funko, Inc. will post 1.6 EPS for the current year.

FNKO has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on shares of Funko from $18.00 to $21.00 in a research report 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 target price for the company in a report on Tuesday, March 8th. DA Davidson increased their target price on shares of Funko from $34.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, March 4th. Finally, Jefferies Financial Group increased their target price on shares of Funko from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, March 4th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $26.99.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Funko by 11.0% in the fourth quarter. BlackRock Inc. now owns 1,929,027 shares of the company’s stock valued at $36,265,000 after buying an additional 191,425 shares during the period. Massachusetts Financial Services Co. MA increased its position in Funko by 3.1% during 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 purchasing an additional 43,056 shares during the period. Hood River Capital Management LLC increased its position in Funko by 168.6% during 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 purchasing an additional 874,943 shares during the period. Bank of New York Mellon Corp increased its position in Funko by 25.0% during 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 purchasing an additional 173,932 shares during the period. Finally, Two Sigma Advisers LP increased its position in Funko by 6.7% during the 3rd quarter. Two Sigma Advisers LP now owns 647,100 shares of the company’s stock valued at $11,784,000 after purchasing an additional 40,700 shares during the period. 66.08% of the stock is owned by institutional investors.

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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