Tracy D. Daw Sells 14,650 Shares of Funko, Inc. (NASDAQ:FNKO) 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 $79,843.10. This trade represents a 69.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Funko Trading Up 7.3 %

NASDAQ FNKO opened at $12.49 on Monday. The company has a market capitalization of $676.41 million, a price-to-earnings ratio of -26.02 and a beta of 1.22. 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 12 month low of $5.36 and a 12 month high of $12.86. The company’s fifty day moving average price is $11.51 and its two-hundred day moving average price is $10.69.

Analyst Upgrades and Downgrades

FNKO has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Funko from $9.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. DA Davidson reiterated a “buy” rating and issued a $16.00 price target on shares of Funko in a research note on Thursday, November 14th. Finally, B. Riley raised their price objective on Funko from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 12th.

Institutional Investors Weigh In On Funko

A number of institutional investors have recently modified their holdings of FNKO. Franklin Resources Inc. acquired a new position in Funko in the third quarter worth about $231,000. Barclays PLC lifted its holdings in Funko by 278.5% during the 3rd quarter. Barclays PLC now owns 40,972 shares of the company’s stock worth $501,000 after buying an additional 30,147 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Funko by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after acquiring an additional 13,002 shares in the last quarter. XTX Topco Ltd increased its holdings in shares of Funko by 203.4% in the 3rd quarter. XTX Topco Ltd now owns 35,560 shares of the company’s stock valued at $435,000 after acquiring an additional 23,840 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Funko by 50.0% in the 3rd quarter. Jane Street Group LLC now owns 97,857 shares of the company’s stock valued at $1,196,000 after acquiring an additional 32,598 shares during the last quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

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.