Andrew David Oddie Sells 34,656 Shares of Funko (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 34,656 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $6.00, for a total transaction of $207,936.00. Following the sale, the insider owned 34,657 shares in the company, valued at approximately $207,942. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Andrew David Oddie also recently made the following trade(s):

• On Monday, March 16th, Andrew David Oddie sold 6,250 shares of Funko stock. The stock was sold at an average price of $3.71, for a total transaction of $23,187.50.
• On Friday, March 13th, Andrew David Oddie sold 4,844 shares of Funko stock. The stock was sold at an average price of $4.13, for a total transaction of $20,005.72.
• On Monday, March 9th, Andrew David Oddie sold 5,744 shares of Funko stock. The stock was sold at an average price of $4.35, for a total transaction of $24,986.40.

Funko Trading Up 1.8%

NASDAQ FNKO traded up $0.10 during mid-day trading on Tuesday, reaching $5.54. 1,020,454 shares of the stock were exchanged, compared to its average volume of 1,027,982. Funko, Inc. has a 1-year low of $2.22 and a 1-year high of $6.09. The business’s fifty day simple moving average is $4.03 and its 200 day simple moving average is $3.70. The stock has a market capitalization of $307.69 million, a PE ratio of -5.28 and a beta of 0.82. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 1.19.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.23. The firm had revenue of $200.92 million for the quarter, compared to analyst estimates of $188.60 million. Funko had a negative net margin of 6.30% and a negative return on equity of 20.61%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FNKO shares. The Goldman Sachs Group increased their price target on shares of Funko from $4.00 to $6.00 and gave the stock a “neutral” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Tuesday, April 21st. Finally, Truist Financial set a $6.50 price target on shares of Funko in a research note on Friday, March 13th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.50.

Institutional Trading of Funko

A number of institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Funko by 95.3% during the 1st quarter. Royal Bank of Canada now owns 32,345 shares of the company’s stock valued at $222,000 after acquiring an additional 15,782 shares in the last quarter. AQR Capital Management LLC increased its stake in Funko by 343.6% during the 1st quarter. AQR Capital Management LLC now owns 340,130 shares of the company’s stock worth $2,333,000 after buying an additional 263,451 shares during the period. Jane Street Group LLC raised its stake in shares of Funko by 296.6% in the 1st quarter. Jane Street Group LLC now owns 74,124 shares of the company’s stock valued at $508,000 after purchasing an additional 55,436 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Funko by 5.4% in the 2nd quarter. Geode Capital Management LLC now owns 867,243 shares of the company’s stock valued at $4,129,000 after purchasing an additional 44,448 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Funko by 5,627.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 900,360 shares of the company’s stock valued at $4,286,000 after purchasing an additional 884,639 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Funko Company Profile

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.