Funko chief commercial officer sells $96,804 in stock

Andrew David Oddie, the Chief Commercial Officer of Funko, Inc. (NASDAQ:FNKO), recently sold shares of the company’s Class A common stock valued at $96,804. The stock currently trades at $7.13, having declined nearly 38% over the past six months, though InvestingPro analysis suggests the shares are currently undervalued. The transactions, dated March 14, 2025, involved the sale of 13,676 shares at a weighted average price range between $7.0774 and $7.0793 per share.

According to the filing, these shares were sold to cover taxes upon the vesting of restricted stock units (RSUs) under a Rule 10b5-1 instruction letter established in June 2019. Following these transactions, Oddie retains direct ownership of 39,986 shares of Funko’s Class A common stock. The filing notes that the reported shares do not include any common units beneficially owned by Oddie.

In other recent news, Funko, Inc. reported its fourth-quarter 2024 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $0.08 against a forecast of $0.00, and revenue of $293.7 million, exceeding the expected $285.41 million. Despite these positive results, Funko’s full-year net sales decreased to $1.05 billion from $1.1 billion in 2023. Looking ahead, Funko projects 2025 net sales between $1.05 billion and $1.102 billion, with adjusted EBITDA ranging from $80 million to $100 million.

DA Davidson recently adjusted its outlook on Funko shares, reducing the price target from $16.00 to $13.00 but maintaining a Buy rating. The revision follows Funko’s earnings report and a forecast for 2025 that fell short of analyst predictions. Funko’s guidance for the first quarter of 2025 was also notably lower than the consensus, partly due to shipping disruptions at the Mexican border.

Additionally, Funko announced a correction to its full-year 2025 net sales guidance, expecting sales to range from $1.05 billion to $1.082 billion. The company emphasized several forward-looking statements, highlighting risks such as tariffs, economic shifts, and supply chain disruptions. Despite these challenges, Funko’s international sales have been consistently increasing, and the company is adopting successful marketing strategies from other regions in the U.S.

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