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Andrew David Oddie, Chief Commercial Officer at Funko, Inc. (NASDAQ:FNKO), recently sold 2,436 shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $4.1735, amounting to a total transaction value of $10,166. The sale took place on April 22, 2025, with the stock trading near its 52-week low of $3.90 and showing a significant decline of 66% over the past six months.
Additionally, on April 21, 2025, Oddie acquired 4,909 shares of Class A common stock through the vesting of restricted stock units (RSUs). These RSUs were originally granted on April 21, 2021, and have been vesting annually. After these transactions, Oddie holds 42,459 shares directly in the $222.5 million market cap company. According to InvestingPro analysis, Funko appears undervalued at current levels, with 8 additional key insights available to subscribers.
The share sale was executed to cover taxes upon the vesting of RSUs, as per a pre-established Rule 10b5-1 sell-to-cover instruction letter. With the company’s next earnings report due in 7 days, investors can access comprehensive analysis and Fair Value estimates through InvestingPro’s detailed research reports.
In other recent news, Funko, Inc. reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.08 and revenue of $293.7 million, exceeding the forecasted $285.41 million. Despite this positive performance, the company’s full-year net sales for 2024 declined 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, citing potential challenges such as tariffs and supply chain disruptions. DA Davidson recently adjusted its price target for Funko shares, reducing it from $16.00 to $13.00, while maintaining a Buy rating, noting the company’s international sales growth and marketing strategies. The lower guidance for 2025 is attributed to a 20% tariff on Chinese goods, with additional concerns over potential tariffs on Vietnamese goods. Funko’s management remains focused on mitigating these challenges through strategic initiatives and maintaining strong performance in international markets.
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