Funko Inc (NASDAQ:FNKO) Insider Sells $1,058,500.00 in Stock

Funko Inc (NASDAQ:FNKO) insider Brian Richard Mariotti sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $21.17, for a total transaction of $1,058,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FNKO stock opened at $21.53 on Friday. Funko Inc has a 12-month low of $11.22 and a 12-month high of $31.12. The company has a current ratio of 1.94, a quick ratio of 1.31 and a debt-to-equity ratio of 0.72. The stock has a market cap of $1.05 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 1.23 and a beta of 2.10. The business has a 50 day moving average of $21.99.

Funko (NASDAQ:FNKO) last released its earnings results on Thursday, May 2nd. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.08. Funko had a net margin of 1.48% and a return on equity of 15.28%. The company had revenue of $166.80 million during the quarter, compared to the consensus estimate of $159.59 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The company’s revenue was up 21.6% compared to the same quarter last year. As a group, analysts expect that Funko Inc will post 0.95 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Campbell Newman Asset Management Inc. lifted its position in Funko by 2.8% in the 1st quarter. Campbell Newman Asset Management Inc. now owns 18,298 shares of the company’s stock worth $397,000 after buying an additional 496 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Funko by 11.8% during the 1st quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after purchasing an additional 2,211 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Funko by 58,400.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,340 shares of the company’s stock worth $51,000 after purchasing an additional 2,336 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Funko by 11.9% during the 4th quarter. Two Sigma Advisers LP now owns 26,300 shares of the company’s stock worth $346,000 after purchasing an additional 2,788 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY acquired a new position in shares of Funko during the 1st quarter worth $85,000. Institutional investors own 45.92% of the company’s stock.

A number of equities research analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Funko in a research report on Thursday, June 20th. They issued a “buy” rating and a $29.00 target price for the company. Zacks Investment Research downgraded shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research report on Monday, May 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.00.

Funko Company Profile

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

Featured Article: What does a bar chart mean for investors?

Insider Buying and Selling by Quarter for Funko (NASDAQ:FNKO)

Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.