Funko, Inc. $FNKO Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its holdings in shares of Funko, Inc. (NASDAQ:FNKO) by 72.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,332 shares of the company’s stock after selling 310,908 shares during the period. Assenagon Asset Management S.A. owned about 0.21% of Funko worth $370,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC lifted its stake in Funko by 2,249.0% in the 1st quarter. SG Americas Securities LLC now owns 258,597 shares of the company’s stock valued at $815,000 after buying an additional 247,588 shares in the last quarter. Invesco Ltd. increased its position in Funko by 1.9% during the fourth quarter. Invesco Ltd. now owns 143,809 shares of the company’s stock worth $489,000 after buying an additional 2,717 shares in the last quarter. Vident Advisory LLC increased its position in Funko by 40.0% during the fourth quarter. Vident Advisory LLC now owns 50,957 shares of the company’s stock worth $173,000 after buying an additional 14,560 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Funko by 9.8% in the fourth quarter. Empowered Funds LLC now owns 202,707 shares of the company’s stock worth $689,000 after acquiring an additional 18,122 shares during the last quarter. Finally, XTX Topco Ltd raised its holdings in shares of Funko by 254.9% in the fourth quarter. XTX Topco Ltd now owns 147,986 shares of the company’s stock worth $503,000 after acquiring an additional 106,293 shares during the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Funko Price Performance

Shares of Funko stock opened at $5.51 on Friday. The business’s fifty day moving average price is $5.18 and its 200 day moving average price is $4.30. Funko, Inc. has a twelve month low of $2.22 and a twelve month high of $6.09. The company has a current ratio of 1.15, a quick ratio of 0.78 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $308.17 million, a P/E ratio of -5.25 and a beta of 0.92.

Funko (NASDAQ:FNKO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.23. The company had revenue of $200.92 million for the quarter, compared to the consensus estimate of $188.60 million. Funko had a negative return on equity of 21.03% and a negative net margin of 6.30%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Truist Financial set a $6.50 price objective on Funko in a research note on Friday, March 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Funko in a research note on Tuesday, April 21st. Finally, The Goldman Sachs Group upped their target price on shares of Funko from $4.00 to $6.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Funko presently has a consensus rating of “Hold” and an average price target of $6.50.

Insider Buying and Selling

In related news, insider Andrew David Oddie sold 34,656 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $6.00, for a total value of $207,936.00. Following the transaction, the insider owned 34,657 shares in the company, valued at approximately $207,942. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.27% of the company’s stock.

About Funko

Funko, Inc is a pop culture consumer products company best known for its stylized vinyl figures, apparel, accessories and other licensed collectible goods. The company’s signature product line, Funko Pop!, features bobblehead-style figurines that showcase characters from a wide array of entertainment franchises, including film, television, gaming, sports and music. In addition to vinyl figurines, Funko’s portfolio encompasses plush toys, action figures, stationery, home goods and novelty items, all leveraging licensing agreements with major global brands.

Founded in 1998 by Mike Becker in Washington state, Funko initially focused on creating nostalgic bobbleheads before expanding its product offerings under current leadership.