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In recent trading activity, Andrew David Oddie, the Chief Commercial Officer of Funko, Inc. (NASDAQ:FNKO), executed a transaction involving the sale of company shares. On March 14, Oddie sold 746 shares of Funko’s Class A common stock at an average price of $7.1558 per share, resulting in a total transaction value of $5,338. The transaction comes as Funko’s stock, currently trading at $7.04, has experienced significant pressure, with a year-to-date decline of over 47%.
This sale follows a series of acquisitions and exercises of options reported earlier. On March 12, Oddie acquired 1,472 shares of Class A common stock without a purchase price. Additionally, on March 13, he exercised options to acquire 27,600 shares, also without a purchase price.
These transactions are part of regular activity as executives manage their stock portfolios, and they provide insight into the trading behaviors of company insiders.
In other recent news, Funko Inc . reported its fourth-quarter 2024 earnings, exceeding expectations with an earnings per share (EPS) of $0.08 and revenue of $293.7 million, surpassing the forecasted $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 its previous earnings call. DA Davidson adjusted its outlook on Funko, reducing the stock price target from $16.00 to $13.00, but maintaining a Buy rating. This adjustment follows Funko’s forecast for 2025, which fell short of analyst predictions due to a 20% tariff on Chinese goods and potential shipping disruptions. Funko’s management emphasized the company’s resilience and strategic focus on growth areas such as international sales and direct-to-consumer channels. The company is also focusing on mitigating tariff impacts and expanding its product offerings to stimulate sales growth in the latter half of 2025. Funko’s international sales have shown consistent growth, and the company plans to implement successful marketing strategies from these markets in the U.S.
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