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

Funko, Inc. (NASDAQ:FNKO) insider Tracy D. Daw sold 14,650 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $12.55, for a total transaction of $183,857.50. Following the completion of the transaction, the insider now owns 6,362 shares of the company’s stock, valued at approximately $79,843.10. The trade was a 69.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Funko Stock Performance

NASDAQ FNKO opened at $12.49 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.96 and a debt-to-equity ratio of 0.44. The stock has a market cap of $676.41 million, a price-to-earnings ratio of -26.02 and a beta of 1.22. Funko, Inc. has a fifty-two week low of $5.36 and a fifty-two week high of $12.86. The business has a fifty day moving average of $11.51 and a 200-day moving average of $10.67.

Hedge Funds Weigh In On Funko

Several institutional investors and hedge funds have recently modified their holdings of FNKO. Massachusetts Financial Services Co. MA lifted its position in Funko by 21.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock worth $34,609,000 after buying an additional 619,114 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Funko during the 3rd quarter valued at about $860,000. SG Americas Securities LLC purchased a new position in shares of Funko during the 3rd quarter worth about $136,000. Creative Planning acquired a new stake in shares of Funko in the third quarter worth approximately $240,000. Finally, Renaissance Technologies LLC purchased a new stake in Funko in the second quarter valued at approximately $1,138,000. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, October 22nd. DA Davidson restated a “buy” rating and issued a $16.00 price target on shares of Funko in a research report on Thursday, November 14th. Finally, B. Riley increased their price objective on Funko from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, September 12th.

About Funko

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.