Funko, Inc. (NASDAQ:FNKO) Director Gino Dellomo Sells 128,923 Shares

Funko, Inc. (NASDAQ:FNKO) Director Gino Dellomo sold 128,923 shares of the stock in a transaction on Wednesday, January 12th. The stock was sold at an average price of $18.29, for a total transaction of $2,358,001.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NASDAQ FNKO traded down $0.25 during midday trading on Friday, hitting $17.80. 277,996 shares of the company’s stock traded hands, compared to its average volume of 360,609. The firm has a fifty day moving average of $17.78 and a 200 day moving average of $18.38. The stock has a market capitalization of $902.85 million, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 0.56 and a beta of 2.27. Funko, Inc. has a 1 year low of $11.13 and a 1 year high of $27.20. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.69.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, November 4th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.12. The firm had revenue of $267.70 million during the quarter, compared to the consensus estimate of $240.74 million. Funko had a return on equity of 17.56% and a net margin of 4.47%. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. On average, equities analysts anticipate that Funko, Inc. will post 1.06 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. C M Bidwell & Associates Ltd. purchased a new position in shares of Funko during the third quarter valued at $40,000. Advisor Group Holdings Inc. boosted its holdings in Funko by 763.8% in the second quarter. Advisor Group Holdings Inc. now owns 2,937 shares of the company’s stock worth $63,000 after acquiring an additional 2,597 shares in the last quarter. Metropolitan Life Insurance Co NY acquired a new stake in Funko in the first quarter worth about $85,000. Legal & General Group Plc lifted its holdings in shares of Funko by 93.3% during the second quarter. Legal & General Group Plc now owns 4,095 shares of the company’s stock worth $87,000 after purchasing an additional 1,976 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of Funko by 144.8% during the second quarter. Citigroup Inc. now owns 4,439 shares of the company’s stock worth $94,000 after purchasing an additional 2,626 shares during the period. Institutional investors and hedge funds own 65.60% of the company’s stock.

Several equities research analysts recently weighed in on FNKO shares. Zacks Investment Research upgraded shares of Funko from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Monday, November 15th. DA Davidson raised their price target on shares of Funko from $32.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $22.81.

About Funko

Funko, Inc engages in designing, sourcing and distribution of licensed pop culture products. Its product lines include media and entertainment content, which comprises movies, TV shows, video games, music and sports. The company was founded in 1998 and is headquartered in Everett, WA.

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