Funko, Inc. (NASDAQ:FNKO) Insider Tracy D. Daw Sells 18,608 Shares

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 18,608 shares of Funko stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total transaction of $132,861.12. Following the transaction, the insider now directly owns 26,332 shares in the company, valued at $188,010.48. This trade represents a 41.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Funko Trading Down 0.8 %

Funko stock traded down $0.06 during mid-day trading on Tuesday, reaching $7.13. 832,848 shares of the company traded hands, compared to its average volume of 654,186. The firm’s 50 day moving average price is $12.38 and its 200 day moving average price is $11.95. The firm has a market capitalization of $386.13 million, a price-to-earnings ratio of -14.85 and a beta of 0.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $14.65.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Funko from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Friday, January 3rd. DA Davidson reduced their price objective on shares of Funko from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, March 7th.

Institutional Trading of Funko

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp purchased a new stake in shares of Funko in the 4th quarter worth about $599,000. Wolverine Trading LLC purchased a new stake in shares of Funko in the 4th quarter worth about $489,000. Vident Advisory LLC grew its position in shares of Funko by 48.8% in the 4th quarter. Vident Advisory LLC now owns 39,833 shares of the company’s stock worth $533,000 after buying an additional 13,057 shares during the period. State of Wyoming grew its position in shares of Funko by 115.2% in the 4th quarter. State of Wyoming now owns 22,731 shares of the company’s stock worth $304,000 after buying an additional 12,169 shares during the period. Finally, Man Group plc purchased a new stake in shares of Funko in the 4th quarter worth about $293,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

Funko Company Profile

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.