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In a recent transaction, Cynthia Williams, the Chief Executive Officer of Funko, Inc. (NASDAQ:FNKO), acquired 14,000 shares of the company’s Class A common stock. This insider purchase comes as the stock has declined over 34% in the past week, with InvestingPro data indicating the shares are currently trading in oversold territory. The shares were purchased at a weighted average price of $7.6341 per share, resulting in a total investment of approximately $106,877. The purchase, which took place on March 11, 2025, was executed in multiple transactions at prices ranging from $7.6199 to $7.642 per share. Following this acquisition, Williams now holds 14,000 shares directly. With analyst price targets ranging from $7 to $13 and InvestingPro’s Fair Value analysis suggesting the stock is undervalued, this insider purchase aligns with positive forecasts for the company’s return to profitability this year. Get deeper insights into insider trading patterns and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, Funko reported its fourth-quarter 2024 earnings, which exceeded expectations with an earnings per share (EPS) of $0.08, surpassing the forecast of $0.00, and revenue of $293.7 million, above the expected $285.41 million. Despite these positive results, the company’s full-year net sales for 2024 saw a decline to $1.05 billion from $1.1 billion in 2023. Funko has revised its 2025 sales guidance to range between $1.05 billion and $1.082 billion, aligning with previous earnings call figures. The company faces challenges due to a 20% tariff on Chinese goods, which has impacted its 2025 forecast, as noted by DA Davidson, who adjusted Funko’s stock target from $16.00 to $13.00 but maintained a Buy rating. Funko’s management has outlined strategies to stimulate sales growth in the latter half of 2025, focusing on international market performance and direct-to-consumer sales. The company also highlighted risks related to economic shifts, licensing agreements, and supply chain disruptions. Funko remains committed to navigating these challenges through strategic initiatives and market expansion plans.
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