AirNet Technology raises $180 million in digital assets offering
SEATTLE—Funko, Inc. (NASDAQ:FNKO), the $390 million market cap collectibles maker whose stock has declined nearly 47% year-to-date, saw Chief Legal Officer Tracy D. Daw recently sell shares of the company’s Class A common stock, according to a filing with the Securities and Exchange Commission. On March 18, Daw sold a total of 18,608 shares, generating approximately $132,937. The shares were sold at a weighted average price of $7.1441 per share, with individual transaction prices ranging from $7.07 to $7.27. According to InvestingPro analysis, the stock currently trades below its Fair Value, with analysts setting price targets between $7 and $13.
Following this sale, Daw retains ownership of 26,332 shares of Funko’s Class A common stock. The transaction was executed under a pre-established 10b5-1 trading plan adopted on December 12, 2024, allowing insiders to set up a predetermined plan to sell shares in accordance with insider trading laws. While currently unprofitable, InvestingPro data indicates analysts expect the company to return to profitability this year. Get deeper insights into insider trading patterns and 8 additional ProTips with an InvestingPro subscription.
In other recent news, Funko, Inc. announced its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.08 and revenue of $293.7 million, exceeding analyst forecasts. Despite this, the company experienced a 12% drop in its stock price in aftermarket trading. Funko has also revised its 2025 sales guidance to a range of $1.05 billion to $1.082 billion, aligning with figures shared in a recent earnings call. DA Davidson adjusted its outlook on Funko, lowering the price target from $16.00 to $13.00 while maintaining a Buy rating, citing tariff impacts and shipping disruptions as challenges. Funko’s international sales have shown consistent growth, and the company plans to stimulate sales growth in the latter half of 2025. The company has been proactive in addressing risks associated with tariffs, supply chain disruptions, and consumer sentiment. These developments indicate Funko’s focus on strategic growth initiatives and managing external economic challenges.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.