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 that occurred on Wednesday, January 12th. The stock was sold at an average price of $18.29, for a total value of $2,358,001.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of NASDAQ:FNKO opened at $17.80 on Friday. The business’s fifty day moving average price is $17.78 and its two-hundred day moving average price is $18.38. The stock has a market cap of $902.82 million, a PE ratio of 17.28, a price-to-earnings-growth ratio of 0.55 and a beta of 2.27. 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, Inc. has a one year low of $11.13 and a one year high of $27.20.

Funko (NASDAQ:FNKO) last announced 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 for the quarter, compared to analysts’ expectations of $240.74 million. Funko had a return on equity of 17.56% and a net margin of 4.47%. Funko’s quarterly revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, equities research analysts predict that Funko, Inc. will post 1.06 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in FNKO. Bank of New York Mellon Corp boosted its holdings in shares of Funko by 25.0% during the third quarter. Bank of New York Mellon Corp now owns 871,024 shares of the company’s stock worth $15,861,000 after purchasing an additional 173,932 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Funko by 425.2% during the third quarter. BNP Paribas Arbitrage SA now owns 5,719 shares of the company’s stock worth $104,000 after purchasing an additional 4,630 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Funko by 6.7% during the third quarter. Two Sigma Advisers LP now owns 647,100 shares of the company’s stock worth $11,784,000 after purchasing an additional 40,700 shares during the last quarter. UBS Group AG boosted its holdings in shares of Funko by 38.5% during the third quarter. UBS Group AG now owns 68,068 shares of the company’s stock worth $1,240,000 after purchasing an additional 18,922 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Funko by 9.9% during the third quarter. Royal Bank of Canada now owns 11,555 shares of the company’s stock worth $211,000 after purchasing an additional 1,037 shares during the last quarter. Hedge funds and other institutional investors own 65.60% of the company’s stock.

A number of equities analysts have recently issued reports on FNKO shares. DA Davidson increased their target price on Funko from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, November 8th. Zacks Investment Research raised 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. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $22.81.

Funko Company Profile

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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