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Yves Le Pendeven, CFO of Funko, Inc. (NASDAQ:FNKO), recently sold 2,490 shares of the company’s Class A common stock. The shares were sold at a weighted average price of $7.1046, totaling approximately $17,690. The transaction comes as Funko’s stock trades near oversold levels according to technical indicators, with shares down about 38% over the past six months. InvestingPro analysis suggests the stock is currently undervalued, with analysts forecasting a return to profitability in 2025. These transactions, executed on March 14, 2025, were carried out to cover taxes upon the vesting of restricted stock units (RSUs) as per a Rule 10b5-1 instruction letter entered into in June 2023.
Following the sale, Le Pendeven retains ownership of 40,719 shares in Funko. The transaction prices ranged from $7.04 to $7.205, with the CFO undertaking to provide detailed information on the number of shares sold at each price upon request.
In other recent news, Funko Inc . reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.08, compared to a forecast of $0.00, and revenue of $293.7 million, exceeding the expected $285.41 million. Despite these positive results, the company revised its 2025 sales guidance to a range of $1.05 billion to $1.082 billion, aligning with figures shared during its earnings call. Funko’s full-year 2024 net sales were $1.05 billion, marking a decline from $1.1 billion in 2023. DA Davidson adjusted its outlook on Funko by lowering the price target from $16.00 to $13.00, though it maintained a Buy rating, citing tariffs and shipping disruptions as challenges. The company is focusing on international sales growth, which has been consistently increasing, and is implementing successful marketing strategies in the U.S. Funko also outlined potential risks, including tariff impacts and supply chain disruptions, while emphasizing its ongoing efforts to manage these challenges. The company’s strategic initiatives are expected to stimulate sales growth in the latter half of 2025.
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