Funko, Inc. (NASDAQ:FNKO) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of Funko, Inc. (NASDAQ:FNKO) by 5,429.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,011,493 shares of the company’s stock after acquiring an additional 993,199 shares during the period. SG Americas Securities LLC owned approximately 1.85% of Funko worth $6,939,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp acquired a new position in Funko during the fourth quarter worth about $599,000. Wolverine Trading LLC acquired a new position in Funko during the fourth quarter worth about $489,000. Vident Advisory LLC grew its holdings in Funko by 48.8% during the fourth quarter. Vident Advisory LLC now owns 39,833 shares of the company’s stock worth $533,000 after acquiring an additional 13,057 shares during the period. State of Wyoming grew its holdings in Funko by 115.2% during the fourth quarter. State of Wyoming now owns 22,731 shares of the company’s stock worth $304,000 after acquiring an additional 12,169 shares during the period. Finally, Man Group plc acquired a new position in Funko during the fourth quarter worth about $293,000. 99.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FNKO shares. DA Davidson raised Funko to a “strong-buy” rating in a report on Thursday, May 15th. The Goldman Sachs Group raised Funko from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $7.00 to $5.50 in a research note on Wednesday, May 14th. Finally, Wall Street Zen cut Funko from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Funko has an average rating of “Hold” and an average price target of $9.88.

Funko Trading Up 1.7%

Shares of FNKO opened at $5.24 on Thursday. The business’s 50-day moving average price is $4.34 and its 200 day moving average price is $9.09. The stock has a market capitalization of $287.86 million, a P/E ratio of -10.92 and a beta of 0.77. Funko, Inc. has a 1-year low of $3.50 and a 1-year high of $14.65. The company has a current ratio of 0.96, a quick ratio of 0.64 and a debt-to-equity ratio of 0.44.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.33) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.10. The firm had revenue of $190.74 million for the quarter, compared to analysts’ expectations of $191.96 million. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. Funko’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.17) EPS. Analysts expect that Funko, Inc. will post -0.12 earnings per share for the current year.

Insiders Place Their Bets

In other Funko news, insider Tracy D. Daw sold 18,608 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $7.14, for a total transaction of $132,861.12. Following the completion of the sale, the insider now directly owns 26,332 shares in the company, valued at approximately $188,010.48. This trade represents a 41.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andrew David Oddie sold 9,580 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $4.96, for a total value of $47,516.80. Following the sale, the insider now owns 52,203 shares of the company’s stock, valued at $258,926.88. The trade was a 15.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,045 shares of company stock worth $407,545. 3.27% of the stock is currently owned by company insiders.

Funko Profile

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.