Pendeven Yves Le Sells 35,907 Shares of Funko (NASDAQ:FNKO) Stock

Funko, Inc. (NASDAQ:FNKO) CFO Pendeven Le sold 35,907 shares of the firm’s 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 directly owned 35,907 shares in the company, valued at approximately $233,754.57. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 28th, Pendeven Le sold 6,862 shares of Funko stock. The shares were sold at an average price of $7.02, for a total value of $48,171.24.
• On Thursday, August 27th, Pendeven Le sold 4,000 shares of Funko stock. The shares were sold at an average price of $7.00, for a total value of $28,000.00.

Funko Stock Performance

Shares of NASDAQ FNKO opened at $5.68 on Friday. Funko, Inc. has a 12 month low of $2.72 and a 12 month high of $7.35. The company has a market cap of $317.69 million, a P/E ratio of -141.96 and a beta of 0.94. The business’s 50 day moving average is $5.95 and its two-hundred day moving average is $5.04. The company has a quick ratio of 0.79, a current ratio of 1.16 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 for the quarter, beating the consensus estimate of ($0.21) by $0.47. The company had revenue of $207.72 million during the quarter, compared to analysts’ expectations of $200.96 million. Funko had a positive return on equity of 2.61% and a negative net margin of 0.21%. On average, equities analysts expect that Funko, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on FNKO. Zacks Research upgraded shares of Funko to a “hold” rating in a report on Wednesday, August 26th. DA Davidson lifted their target price on Funko from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. The Goldman Sachs Group restated a “neutral” rating and set a $6.75 price target on shares of Funko in a research note on Monday, August 10th. Seaport Research Partners started coverage on Funko in a report on Monday, August 24th. They issued a “buy” rating and a $8.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Funko in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Funko currently has a consensus rating of “Hold” and a consensus target price of $7.08.

Hedge Funds Weigh In On Funko

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its position in Funko by 850,199.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,401,196 shares of the company’s stock worth $11,564,000 after purchasing an additional 3,400,796 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Funko by 5,627.1% during the second quarter. JPMorgan Chase & Co. now owns 900,360 shares of the company’s stock valued at $4,286,000 after acquiring an additional 884,639 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of Funko by 434.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 946,845 shares of the company’s stock valued at $3,219,000 after purchasing an additional 769,648 shares in the last quarter. Fund 1 Investments LLC grew its holdings in shares of Funko by 13.4% in the 3rd quarter. Fund 1 Investments LLC now owns 5,413,887 shares of the company’s stock worth $18,624,000 after purchasing an additional 640,000 shares during the last quarter. Finally, Manatuck Hill Partners LLC bought a new stake in shares of Funko in the 2nd quarter worth about $2,428,000. 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.