Mike Kerns Sells 17,419 Shares of Funko, Inc.
Insider Mike Kerns reduced his position in Funko, Inc., selling 17,419 shares on June 12, 2026.
Key Points
- Mike Kerns sold 17,419 shares of Funko, Inc. on June 12, 2026, with no disclosed transaction value.
- Funko, Inc. has a market cap of $306 million, a forward P/E of 24.9, and a 52-week range between $2.22 and $6.09.
- Analysts from Goldman Sachs and DA Davidson have maintained their ratings on Funko, with price targets ranging from $4 to $7.
Mike Kerns, an insider at Funko, Inc., sold 17,419 shares of the company on June 12, 2026. The transaction did not disclose a specific value or price per share. Funko, Inc. shares were trading at $5.38 on NasdaqGS at the time of the sale.
Other Institutional Activity in Funko, Inc.
TCG Capital Management, LP held steady with 12,520,559 shares valued at about $39.4 million. Fund 1 Investments, LLC increased its position by 117,089 shares, ending with 5,365,798 shares worth approximately $16.9 million. BlackRock, Inc. trimmed its holdings by 14,125 shares to 2,732,025 shares, valued at around $8.6 million. Ararat Capital Management LP significantly boosted its stake by 1,665,662 shares, totaling 2,514,703 shares worth about $7.9 million. Meanwhile, Nomura Holdings Inc. made a substantial addition of 1,891,133 shares, holding 2,355,971 shares valued at roughly $7.4 million.
Funko, Inc. Stock Snapshot
Shares of NasdaqGS:FNKO traded near $5.38. Funko, Inc. has a market cap of approximately $306 million and a forward P/E ratio of 24.9. The stock has a 52-week low of $2.22 and a high of $6.09, with a 50-day moving average of $4.72 and a 200-day moving average of $3.84. The company's current ratio stands at 1.146, a quick ratio of 0.594, and a debt-to-equity ratio of 164.894.
Recent Earnings
In its latest earnings report, Funko, Inc. reported revenue of about $918.4 million, reflecting a growth rate of 5.3%. However, the company posted a net margin of -6.3% and a return on equity of -30.4%. The next earnings release is scheduled for August 6, 2026.
Analysts Set New Price Targets
On May 11, 2026, Goldman Sachs maintained its hold rating on Funko, Inc., setting a price target of $6. DA Davidson continues to recommend buying the stock, with a target price of $7. The consensus among analysts suggests a mean target price of $6.5 based on two opinions.
About Funko, Inc.
Funko, Inc. is a company that designs, manufactures, and markets pop culture consumer products. Based in Everett, Washington, it operates in the leisure industry within the consumer cyclical sector. The company offers a variety of licensed products, including figures, apparel, and accessories, under brands like Pop! and Loungefly. Funko sells its products through various channels, including e-commerce and retail stores, catering to both domestic and international markets.
Bottom Line
Mike Kerns' recent sale of Funko shares is part of the company's ongoing insider transactions. Investors closely watch these moves for insights, although they do not necessarily indicate future stock performance. As always, it's important to consider that 13F filings and insider reports are backward-looking and may not reflect the current position.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.