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 the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the transaction, the insider now owns 26,332 shares of the company’s stock, valued at $188,010.48. This trade represents a 41.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Funko Price Performance

FNKO traded down $0.06 on Tuesday, reaching $7.13. The company had a trading volume of 832,848 shares, compared to its average volume of 654,186. The business has a 50 day simple moving average of $12.38 and a 200 day simple moving average of $11.95. The company has a market cap 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 quick ratio of 0.64 and a current ratio of 0.96. Funko, Inc. has a 52-week low of $5.36 and a 52-week high of $14.65.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. DA Davidson cut their price objective on shares of Funko from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Stifel Nicolaus raised their price objective on shares of Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Friday, January 3rd.

Institutional Investors Weigh In On Funko

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Holdings Inc. raised its stake in Funko by 19.8% in the fourth quarter. Nomura Holdings Inc. now owns 2,452,923 shares of the company’s stock valued at $32,845,000 after purchasing an additional 404,849 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Funko by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,958,331 shares of the company’s stock worth $26,222,000 after acquiring an additional 50,877 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Funko by 17.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,544,963 shares of the company’s stock worth $20,688,000 after acquiring an additional 234,981 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Funko by 384.3% during the fourth quarter. Marshall Wace LLP now owns 1,542,440 shares of the company’s stock worth $20,653,000 after acquiring an additional 1,223,939 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new position in shares of Funko during the fourth quarter worth approximately $13,783,000. 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.