Insider Selling: Funko, Inc. (NASDAQ:FNKO) Insider Sells 27,712 Shares of Stock

Funko, Inc. (NASDAQ:FNKO) insider Andrew David Oddie sold 27,712 shares of Funko stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total value of $378,823.04. Following the sale, the insider now directly owns 20,186 shares in the company, valued at approximately $275,942.62. This trade represents a 57.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Andrew David Oddie also recently made the following trade(s):

• On Monday, January 6th, Andrew David Oddie sold 358 shares of Funko stock. The shares were sold at an average price of $14.00, for a total value of $5,012.00.

Funko Price Performance

Shares of NASDAQ FNKO traded up $0.03 during midday trading on Monday, reaching $14.02. The company’s stock had a trading volume of 573,052 shares, compared to its average volume of 608,084. Funko, Inc. has a one year low of $5.36 and a one year high of $14.17. The company has a market cap of $759.32 million, a price-to-earnings ratio of -29.21 and a beta of 1.22. The company has a 50 day moving average price of $11.79 and a 200 day moving average price of $10.93. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd acquired a new position in shares of Funko in the 3rd quarter worth $860,000. Massachusetts Financial Services Co. MA boosted its position in shares of Funko by 21.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,546,036 shares of the company’s stock valued at $34,609,000 after purchasing an additional 619,114 shares during the period. Quest Partners LLC increased its stake in Funko by 160.9% in the 3rd quarter. Quest Partners LLC now owns 6,559 shares of the company’s stock worth $80,000 after purchasing an additional 4,045 shares in the last quarter. FMR LLC increased its stake in Funko by 1,541.0% in the 3rd quarter. FMR LLC now owns 57,649 shares of the company’s stock worth $704,000 after purchasing an additional 54,136 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Funko during the 3rd quarter worth about $196,000. Institutional investors own 99.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FNKO. Stifel Nicolaus increased their price objective on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a report on Friday. B. Riley increased their price target on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th. Finally, DA Davidson reissued a “buy” rating and issued a $16.00 price objective on shares of Funko in a research note on Thursday.

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.