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Andrew David Oddie, the Chief Commercial Officer of Funko, Inc. (NASDAQ:FNKO), reported the sale of 6,430 shares of the company’s Class A common stock in recent transactions, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as Funko’s stock, currently trading at $7.69 with a market cap of $417.77 million, shows signs of being undervalued according to InvestingPro analysis. These sales, executed on March 7 and March 10, 2025, were made at weighted average prices ranging from $8.1306 to $8.8736, totaling approximately $55,152.
The transactions included the sale of 3,867 shares on March 7 at a weighted average price of $8.8736, and 2,563 shares on March 10 at a weighted average price of $8.1306. The sales were conducted under a pre-established Rule 10b5-1 trading plan.
Additionally, Oddie acquired a total of 11,580 shares through the vesting of restricted stock units (RSUs) on March 6 and March 8. These acquisitions were executed at no cost, reflecting the vesting of previously granted RSUs. Following these transactions, Oddie holds a total of 25,336 shares directly. While the company faced challenges recently, InvestingPro analysts expect net income growth this year, with 12 additional exclusive insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Funko, Inc. has announced revised sales guidance for the full year 2025, projecting net sales between $1.05 billion and $1.082 billion. This update aligns with figures shared during the company’s earnings call and reflects a focus on growth despite various market challenges. Funko’s fourth-quarter 2024 earnings report exceeded expectations, with earnings per share reaching $0.08 and revenue totaling $293.7 million, surpassing forecasts. Despite these positive results, the company anticipates a challenging start to 2025 due to tariffs on Chinese goods and potential shipping disruptions.
DA Davidson has adjusted its outlook on Funko, lowering the price target from $16.00 to $13.00 while maintaining a Buy rating. This change comes in response to Funko’s 2025 forecast, which fell short of analyst predictions, partly due to the 20% tariff on imports from China. The company has been actively adopting strategies to stimulate year-over-year sales growth, particularly in the second half of 2025. Funko’s international sales have shown consistent growth, and the company is leveraging successful marketing strategies from abroad in the U.S. market.
Funko’s management has emphasized the importance of mitigating the impact of tariffs through various strategies, including renegotiating factory costs and expanding direct-to-consumer sales. The company’s guidance for the first quarter of 2025 indicates net sales between $188 million and $198 million, with an expected gross margin of approximately 39%. Despite the near-term challenges, Funko remains focused on long-term growth initiatives, particularly in the sports and entertainment sectors.
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