Funko’s chief commercial officer sells $5,076 in stock

Andrew David Oddie, Chief Commercial Officer at Funko, Inc. (NASDAQ:FNKO), recently executed a series of stock transactions, according to a recent SEC filing. Oddie sold 359 shares of Funko’s Class A common stock at a price of $14.14 per share, amounting to a total of $5,076. The transaction comes as Funko’s stock trades near its 52-week high of $14.65, having delivered an impressive 77% return over the past year.

Additionally, Oddie acquired the same number of shares, 359, through an option exercise at a price of $9.77 per share, with the total value of these acquisitions reaching $3,507. These transactions were conducted under a 10b5-1 trading plan, which was established in September 2024. According to InvestingPro data, Funko currently maintains a Fair Value that suggests the stock is slightly overvalued at its current market capitalization of $754 million.

Following these transactions, Oddie holds 20,186 shares of Funko’s Class A common stock. While the company currently trades at a high EBITDA multiple of 21.7x, analysts remain optimistic, predicting profitability for the current fiscal year despite recent challenges.

In other recent news, Funko, the pop culture collectibles company, has been the subject of varying analyst outlooks and leadership changes. DA Davidson has reiterated its Buy rating on Funko, maintaining a $16.00 price target. The firm’s confidence is bolstered by the company’s significant increase in debit and credit card sales during the fourth quarter of 2024, especially the surge in direct-to-consumer sales. Looking ahead, there is an anticipation that Funko could resume its full-year sales growth in 2025.

On the other hand, Goldman Sachs has reiterated its Sell rating on Funko, with a steady price target of $7.00. Despite acknowledging Funko’s progress in inventory management and logistical operations at its main distribution center in Buckeye, Arizona, Goldman Sachs remains cautious about the company’s current valuation and future prospects.

In addition to these analyst perspectives, Funko has expanded its Board of Directors by appointing Jason Harinstein, a seasoned professional with significant financial acumen and industry experience. This move signifies Funko’s commitment to reinforcing its leadership amidst a dynamic collectibles industry. These are among the recent developments for Funko, providing investors with a snapshot of the company’s performance and strategic decisions.

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