Pendeven Yves Le Sells 6,862 Shares of Funko (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 6,862 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $7.02, for a total value of $48,171.24. Following the transaction, the chief financial officer owned 35,907 shares of the company’s stock, valued at $252,067.14. This represents a 16.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Pendeven Yves Le also recently made the following trade(s):

• On Tuesday, September 1st, Pendeven Le sold 35,907 shares of Funko stock. The shares were sold at an average price of $6.51, for a total transaction of $233,754.57.
• On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The stock was sold at an average price of $7.00, for a total transaction of $28,000.00.

Funko Trading Down 0.2%

Shares of Funko stock opened at $5.68 on Friday. The stock has a market capitalization of $317.69 million, a P/E ratio of -141.96 and a beta of 0.94. The company has a quick ratio of 0.79, a current ratio of 1.16 and a debt-to-equity ratio of 0.97. The company has a 50-day simple moving average of $5.95 and a 200 day simple moving average of $5.04. Funko, Inc. has a 12-month low of $2.72 and a 12-month high of $7.35.

Funko (NASDAQ:FNKO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.47. The firm had revenue of $207.72 million for the quarter, compared to analyst estimates of $200.96 million. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. Research analysts expect that Funko, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. DA Davidson increased their price target on Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research report on Friday, July 17th. The Goldman Sachs Group reissued a “neutral” rating and issued a $6.75 price objective on shares of Funko in a research note on Monday, August 10th. Seaport Research Partners began coverage on Funko in a report on Monday, August 24th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Wall Street Zen upgraded Funko from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Funko currently has a consensus rating of “Hold” and an average target price of $7.08.

Institutional Trading of Funko

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its holdings in shares of Funko by 2,249.0% in the first quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock valued at $815,000 after purchasing an additional 247,588 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Funko by 850,199.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock worth $11,564,000 after buying an additional 3,400,796 shares in the last quarter. PharVision Advisers LLC bought a new position in Funko in the 3rd quarter valued at $126,000. Jain Global LLC bought a new position in Funko in the 4th quarter valued at $123,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Funko by 40.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 35,000 shares of the company’s stock valued at $119,000 after buying an additional 10,000 shares during the period. 99.15% of the stock is owned by institutional investors.

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.