Insider Selling: Daw Tracy D, Funko Inc. [FNKO] CHIEF LEGAL OFFICER divested 802 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Funko Inc. shares valued at $19,448 were sold by Daw Tracy D on Jun 28. At $24.25 per share, Daw Tracy D sold 802 shares. The insider’s holdings dropped to 6,529 shares worth approximately $0.17 million following the completion of this transaction.


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Also, Perlmutter Andrew Mark sold 41,733 shares, netting a total of over 991,369 in proceeds. Following the sale of shares at $23.76 each, the insider now holds 94,061 shares.

Before that, Daw Tracy D had sold 7,893 shares from its account. In a trade valued at $178,683, the CHIEF LEGAL OFFICER traded Funko Inc. shares for $22.64 each. Upon closing the transaction, the insider’s holdings decreased to 7,893 shares, worth approximately $0.14 million.

As published in a research note from JP Morgan on June 23, 2022, Funko Inc. [FNKO] has been rated up from a Neutral to an Overweight and the price target has been revised to $28 from $25. This represents a 4.68% premium over Thursday’s closing price. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of May 13, 2021, BofA Securities has increased its “an Underperform” rating to a “Buy” for FNKO. Earlier on May 13, 2021, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for FNKO stock which previously was a “a Neutral”.

Analyzing FNKO’s Price Performance

On Thursday, Funko Inc. [NASDAQ: FNKO] plunged -1.07% to $26.69. The stock’s lowest price that day was $25.84, but it reached a high of $26.99 in the same session. During the last five days, there has been a surge of approximately 1.91%. Over the course of the year, Funko Inc. shares have jumped approximately 41.97%. Shares of the company reached a 52-week high of $27.79 on 08/01/22 and a 52-week low of $15.28 on 01/24/22. A 50-day SMA is recorded $22.88, while a 200-day SMA reached $18.93. Nevertheless, trading volume fell to 1.02 million shares from 0.82 million shares the previous day.

Support And Resistance Levels for Funko Inc. (FNKO)

According to the 24-hour chart, there is a support level at 26.02, which, if violated, would cause prices to drop to 25.36. In the upper region, resistance lies at 27.17. The next price resistance is at 27.66. RSI (Relative Strength Index) is 65.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.73, which suggests the price will increase in the coming days. Percent R is at 19.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Funko Inc. subject to short interest?

Stocks of Funko Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 100000.0 shares to 1.77 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 1.67 million shares. A jump of 5.65% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.9.

Which companies own the most shares of Funko Inc. (FNKO)?

According to Woodson Capital Management LP filings, the company currently owns 3,999,999 shares, which is about 9.71% of the total FNKO shares outstanding. The investor’s shares have plunged by -264,780 from its previous 13-F filing of 4264779.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $37,204,962. Massachusetts Financial Services acquire a 11.45% interest valued at $36.05 million while Hood River Capital Management LLC purchased a 35,202 stake. A total of -18,102 shares of Funko Inc. were bought by The Vanguard Group, Inc. during the quarter, and 190,000 were bought by No Street GP LP. In its current portfolio, Newton Investment Management Nort holds 934,499 shares valued at $20.86 million.

In terms of Funko Inc. share price expectations, FactSet research, analysts set an average price target of $29.06 in the next 12 months, up nearly 3.78% from the previous closing price of $26.98. Analysts anticipate Funko Inc. stock to reach $50.00 by 2022, with the lowest price target being $20.50. In spite of this, 8 analysts ranked Funko Inc. stock as an Overweight at the end of 2022. On May 07, 2021, DA Davidson assigned a price target of “a Buy” to the stock and upgraded coverage with a $31.

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