Funko, Inc. $FNKO Position Boosted by State of Wyoming

State of Wyoming increased its stake in shares of Funko, Inc. (NASDAQ:FNKO) by 665.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,851 shares of the company’s stock after acquiring an additional 84,204 shares during the quarter. State of Wyoming owned approximately 0.17% of Funko worth $524,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FNKO. Public Employees Retirement System of Ohio acquired a new position in Funko during the 2nd quarter worth approximately $494,000. Bank of New York Mellon Corp bought a new stake in shares of Funko during the second quarter valued at approximately $648,000. Empowered Funds LLC increased its holdings in shares of Funko by 10.3% during the first quarter. Empowered Funds LLC now owns 223,589 shares of the company’s stock valued at $704,000 after acquiring an additional 20,882 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Funko during the first quarter worth approximately $137,000. Finally, SEB Asset Management AB acquired a new position in shares of Funko during the first quarter worth approximately $235,000. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Funko Trading Up 0.6%

Shares of Funko stock opened at $6.41 on Tuesday. The company has a market capitalization of $358.51 million, a P/E ratio of -160.21 and a beta of 0.95. The stock has a fifty day simple moving average of $6.11 and a 200 day simple moving average of $5.13. Funko, Inc. has a 12-month low of $2.72 and a 12-month high of $7.35. The company has a current ratio of 1.16, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97.

Funko (NASDAQ:FNKO) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.47. The firm had revenue of $207.72 million for the quarter, compared to the consensus estimate of $200.96 million. Funko had a negative net margin of 0.21% and a positive return on equity of 2.61%. On average, sell-side analysts anticipate that Funko, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

FNKO has been the subject of several research reports. DA Davidson lifted their price target on shares of Funko from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Funko in a research note on Thursday, October 15th. Wall Street Zen upgraded shares of Funko from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Zacks Research raised shares of Funko to a “hold” rating in a research report on Wednesday, August 26th. Finally, Seaport Research Partners started coverage on shares of Funko in a research report on Monday, August 24th. They set a “buy” rating and a $8.00 target price for the company. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.08.

Insider Buying and Selling

In other Funko news, CFO Pendeven Le sold 35,907 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $6.51, for a total value of $233,754.57. Following the completion of the sale, the chief financial officer owned 35,907 shares in the company, valued at approximately $233,754.57. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Josh Simon sold 181,893 shares of Funko stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $5.79, for a total transaction of $1,053,160.47. Following the transaction, the chief executive officer directly owned 151,440 shares in the company, valued at approximately $876,837.60. This represents a 54.57% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 228,662 shares of company stock worth $1,363,086. 3.88% of the stock is owned by insiders.

About Funko

Funko, Inc is a consumer products company that designs, sources and sells licensed and original pop-culture collectibles and merchandise. Its best-known product is the Pop! vinyl figure, which features characters from movies, television, video games, sports and other entertainment properties. The company also offers plush products, action figures, accessories, apparel, home goods and games.

Funko’s portfolio includes brands such as Pop!, Loungefly and Mondo. Loungefly focuses on licensed bags, wallets, accessories and other lifestyle products, while Mondo is known for premium collectibles, posters, apparel and related merchandise.