BMO Capital Markets lowered shares of Funko (NASDAQ:FNKO) from an outperform rating to a market perform rating in a research report released on Tuesday, December 19th, Marketbeat Ratings reports. BMO Capital Markets currently has $10.00 price target on the stock.
Several other research analysts have also recently commented on the stock. Jefferies Group assumed coverage on shares of Funko in a report on Monday, November 27th. They issued a buy rating and a $13.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Funko in a research report on Monday, November 27th. They issued an overweight rating and a $14.00 price target for the company. Goldman Sachs Group initiated coverage on shares of Funko in a research report on Monday, November 27th. They issued a buy rating and a $16.00 price target for the company. Stifel Nicolaus initiated coverage on shares of Funko in a research report on Monday, November 27th. They set a buy rating and a $11.00 price objective on the stock. Finally, Bank of America initiated coverage on shares of Funko in a research report on Monday, November 27th. They set a buy rating and a $12.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $12.38.
Funko (NASDAQ FNKO) traded up $0.43 during trading hours on Tuesday, hitting $7.12. 748,200 shares of the stock traded hands, compared to its average volume of 691,510. Funko has a one year low of $5.81 and a one year high of $9.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.67 and a current ratio of 1.06. The company has a market cap of $166.16 and a price-to-earnings ratio of 22.97.
In related news, Director Charles D. Denson acquired 13,300 shares of the stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $159,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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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.
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