Funko, Inc. (NASDAQ:FNKO - Get Free Report) insider Tracy D. Daw sold 14,650 shares of the company's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $12.55, for a total value of $183,857.50. Following the sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Funko stock traded up $0.85 during midday trading on Friday, reaching $12.49. The company's stock had a trading volume of 1,322,093 shares, compared to its average volume of 565,143. The stock's 50-day simple moving average is $11.51 and its 200-day simple moving average is $10.65. 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 52-week low of $5.36 and a 52-week high of $12.86. The stock has a market capitalization of $676.41 million, a P/E ratio of -26.02 and a beta of 1.22.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in Funko in the second quarter valued at about $25,000. Walleye Capital LLC purchased a new position in shares of Funko in the third quarter worth about $129,000. SG Americas Securities LLC purchased a new position in shares of Funko in the third quarter worth about $136,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Funko in the second quarter worth about $121,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Funko in the third quarter worth about $196,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. DA Davidson restated a "buy" rating and set a $16.00 price objective on shares of Funko in a research note on Thursday, November 14th. Stifel Nicolaus upped their price objective on Funko from $9.00 to $10.50 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd. Finally, B. Riley upped their price objective on Funko from $13.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, September 12th.
View Our Latest Research Report on 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.
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