Funko, Inc. (NASDAQ:FNKO) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its holdings in Funko, Inc. (NASDAQ:FNKO) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 264,210 shares of the company’s stock after purchasing an additional 3,650 shares during the period. Northern Trust Corp owned about 0.49% of Funko worth $3,538,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in shares of Funko by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 41,181 shares of the company’s stock valued at $552,000 after acquiring an additional 2,413 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Funko during the 4th quarter valued at approximately $152,000. Dimensional Fund Advisors LP raised its position in shares of Funko by 17.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company’s stock valued at $20,688,000 after acquiring an additional 234,981 shares in the last quarter. Marshall Wace LLP raised its position in shares of Funko by 384.3% during the 4th quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock valued at $20,653,000 after acquiring an additional 1,223,939 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Funko by 23.6% during the 4th quarter. Barclays PLC now owns 50,646 shares of the company’s stock valued at $679,000 after acquiring an additional 9,674 shares in the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

Funko Trading Down 0.5%

NASDAQ:FNKO opened at $3.91 on Friday. Funko, Inc. has a 1 year low of $3.50 and a 1 year high of $14.65. The stock has a market cap of $213.23 million, a price-to-earnings ratio of -8.15 and a beta of 0.85. The business has a fifty day moving average of $4.96 and a 200-day moving average of $9.66. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.64 and a current ratio of 0.96.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.10. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. The company had revenue of $190.74 million during the quarter, compared to analysts’ expectations of $191.96 million. During the same quarter in the prior year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was down 11.6% compared to the same quarter last year. Equities analysts predict that Funko, Inc. will post -0.12 earnings per share for the current year.

Insider Transactions at Funko

In other news, insider Andrew David Oddie sold 3,867 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $8.87, for a total transaction of $34,300.29. Following the completion of the sale, the insider now owns 23,200 shares in the company, valued at approximately $205,784. This represents a 14.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Cynthia W. Williams sold 47,457 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $3.94, for a total value of $186,980.58. Following the sale, the chief executive officer now owns 32,769 shares of the company’s stock, valued at $129,109.86. This trade represents a 59.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,801 shares of company stock valued at $474,227. 3.27% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Funko from a “hold” rating to a “sell” rating in a research report on Thursday. The Goldman Sachs Group raised Funko from a “sell” rating to a “neutral” rating and dropped their price target for the company from $7.00 to $5.50 in a research report on Wednesday, May 14th. Finally, DA Davidson raised Funko to a “strong-buy” rating in a research report on Thursday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.88.

About Funko

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 media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.