Funko, Inc. (NASDAQ:FNKO) Insider Tracy D. Daw Sells 14,650 Shares

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 14,650 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the sale, the insider now directly owns 6,362 shares in the company, valued at approximately $79,843.10. This trade represents a 69.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Funko Price Performance

FNKO traded up $0.85 during trading on Friday, hitting $12.49. The company’s stock had a trading volume of 1,322,093 shares, compared to its average volume of 565,143. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44. Funko, Inc. has a twelve month low of $5.36 and a twelve month high of $12.86. The business’s fifty day simple moving average is $11.51 and its 200 day simple moving average is $10.65. The firm has a market capitalization of $676.41 million, a price-to-earnings ratio of -26.02 and a beta of 1.22.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus raised their target price on Funko from $9.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. B. Riley raised their target price on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $16.00 target price on shares of Funko in a report on Thursday, November 14th.

Institutional Trading of Funko

Several institutional investors have recently bought and sold shares of FNKO. Quest Partners LLC acquired a new stake in Funko in the second quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Funko in the second quarter valued at approximately $121,000. Walleye Capital LLC purchased a new position in shares of Funko in the third quarter valued at approximately $129,000. SG Americas Securities LLC purchased a new position in shares of Funko in the third quarter valued at approximately $136,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Funko in the third quarter valued at approximately $196,000. 99.15% of the stock is owned by institutional investors and hedge funds.

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.