Funko’s (NASDAQ:FNKO) quiet period is set to end on Tuesday, December 12th. Funko had issued 10,416,666 shares in its initial public offering on November 2nd. The total size of the offering was $124,999,992 based on an initial share price of $12.00. During the company’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Several equities analysts have recently issued reports on the company. Piper Jaffray Companies assumed coverage on Funko in a report on Monday, November 27th. They issued an “overweight” rating and a $12.00 target price for the company. Jefferies Group assumed coverage on Funko in a report on Monday, November 27th. They issued a “buy” rating and a $13.00 target price for the company. J P Morgan Chase & Co assumed coverage on Funko in a report on Monday, November 27th. They issued an “overweight” rating and a $14.00 target price for the company. BMO Capital Markets assumed coverage on Funko in a report on Monday, November 27th. They issued an “outperform” rating and a $10.00 target price for the company. Finally, SunTrust Banks assumed coverage on Funko in a report on Monday, November 27th. They issued a “buy” rating and a $11.00 target price for the company. Eight equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $12.38.
Funko (NASDAQ FNKO) opened at $9.71 on Tuesday. Funko has a twelve month low of $6.93 and a twelve month high of $9.88. The company has a quick ratio of 0.80, a current ratio of 1.16 and a debt-to-equity ratio of 1.75.
In other news, Director Charles D. Denson acquired 13,300 shares of Funko stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $12.00 per share, with a total value of $159,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
TRADEMARK VIOLATION WARNING: This story was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.dispatchtribunal.com/2017/12/05/funko-inc-s-quiet-period-will-end-on-december-12th-nasdaqfnko.html.
Funko Company Profile
Funko, Inc is a pop culture consumer products company. The Company is engaged in selling a broad range of pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products combine its proprietary brands and designs into properties it licenses from content providers.
Receive News & Ratings for Funko Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko Inc. and related companies with MarketBeat.com's FREE daily email newsletter.