Funko, Inc. (NASDAQ:FNKO) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Funko, Inc. (NASDAQ:FNKO) by 83.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,347 shares of the company’s stock after selling 599,473 shares during the period. Assenagon Asset Management S.A.’s holdings in Funko were worth $1,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP raised its position in Funko by 160.1% in the 2nd quarter. Marshall Wace LLP now owns 1,062,968 shares of the company’s stock valued at $10,375,000 after purchasing an additional 654,359 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Funko by 5,486.5% in the third quarter. JPMorgan Chase & Co. now owns 829,200 shares of the company’s stock valued at $10,133,000 after acquiring an additional 814,357 shares in the last quarter. Geode Capital Management LLC lifted its stake in Funko by 1.6% in the third quarter. Geode Capital Management LLC now owns 807,760 shares of the company’s stock worth $9,873,000 after acquiring an additional 13,002 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Funko by 81.1% during the second quarter. American Century Companies Inc. now owns 250,121 shares of the company’s stock worth $2,441,000 after purchasing an additional 112,007 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Funko in the second quarter valued at $1,138,000. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on FNKO shares. Stifel Nicolaus boosted their price objective on Funko from $11.00 to $12.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. DA Davidson reiterated a “buy” rating and issued a $16.00 price target on shares of Funko in a research report on Thursday, January 2nd.

Insider Buying and Selling at Funko

In other news, Director Michael C. Lunsford sold 97,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $10.40, for a total value of $1,008,800.00. Following the completion of the sale, the director now owns 11,613 shares of the company’s stock, valued at $120,775.20. This represents a 89.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew David Oddie sold 27,712 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $13.67, for a total transaction of $378,823.04. Following the completion of the sale, the insider now directly owns 20,186 shares of the company’s stock, valued at $275,942.62. This trade represents a 57.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 139,720 shares of company stock valued at $1,576,493 over the last ninety days. Corporate insiders own 4.81% of the company’s stock.

Funko Stock Performance

Shares of NASDAQ FNKO opened at $12.93 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.96 and a quick ratio of 0.64. The company has a market cap of $700.29 million, a PE ratio of -26.94 and a beta of 1.16. The company has a 50-day simple moving average of $12.32 and a 200-day simple moving average of $11.27. Funko, Inc. has a 12 month low of $5.36 and a 12 month high of $14.65.

Funko (NASDAQ:FNKO) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $292.77 million for the quarter, compared to analyst estimates of $289.47 million. Funko had a negative return on equity of 3.44% and a negative net margin of 2.29%. During the same period last year, the company earned $0.05 EPS. On average, equities analysts anticipate that Funko, Inc. will post -0.13 earnings per share for the current year.

About Funko

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.