Brian Richard Mariotti Sells 50,000 Shares of Funko Inc (NASDAQ:FNKO) Stock

Funko Inc (NASDAQ:FNKO) insider Brian Richard Mariotti sold 50,000 shares of Funko stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $23.55, for a total value of $1,177,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Brian Richard Mariotti also recently made the following trade(s):

  • On Wednesday, July 10th, Brian Richard Mariotti sold 50,000 shares of Funko stock. The shares were sold at an average price of $21.17, for a total value of $1,058,500.00.

FNKO traded down $0.23 on Wednesday, hitting $23.57. The company had a trading volume of 423,238 shares, compared to its average volume of 669,431. The company has a fifty day simple moving average of $23.12. Funko Inc has a 12-month low of $11.22 and a 12-month high of $31.12. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.94 and a quick ratio of 1.31. The stock has a market cap of $1.15 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.37 and a beta of 2.09.

Funko (NASDAQ:FNKO) last posted its earnings results on Thursday, August 8th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. Funko had a return on equity of 17.28% and a net margin of 2.00%. The company had revenue of $191.20 million for the quarter, compared to analyst estimates of $170.69 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, research analysts forecast that Funko Inc will post 0.95 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new position in Funko in the second quarter valued at about $31,000. Bank of Montreal Can grew its stake in Funko by 7,766.7% in the second quarter. Bank of Montreal Can now owns 1,416 shares of the company’s stock valued at $34,000 after purchasing an additional 1,398 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in shares of Funko during the second quarter worth about $7,293,000. Cubist Systematic Strategies LLC grew its stake in shares of Funko by 4.9% during the second quarter. Cubist Systematic Strategies LLC now owns 37,994 shares of the company’s stock worth $920,000 after acquiring an additional 1,784 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Funko by 11.8% during the first quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after acquiring an additional 2,211 shares during the last quarter. Institutional investors own 46.64% of the company’s stock.

Several research firms recently weighed in on FNKO. ValuEngine downgraded Funko from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Funko from a “sell” rating to a “hold” rating and set a $25.00 price objective for the company in a report on Monday, May 6th. Stifel Nicolaus lifted their target price on Funko from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets lifted their target price on Funko from $21.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday. Finally, DA Davidson lifted their target price on Funko from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Funko presently has a consensus rating of “Buy” and a consensus target price of $27.56.

About Funko

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.

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

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