Zacks Investment Research cut shares of Funko (NASDAQ:FNKO) from a hold rating to a sell rating in a research report released on Friday morning.
According to Zacks, “Funko, Inc. is a pop culture consumer products company. It offers figures, plush, apparel, toys, vinyl, bags, wallets, homewares and accessories under Mystery Minis, Dorbz., Pint Size Heroes., Rock Candy., Galactic or Hero Plushies., SuperCute., MyMoji. and Loungefly brands. The company sells its products through specialty retailers, mass-market retailers and e-commerce sites. Funko, Inc. is headquartered in Everett, Washington. “
FNKO has been the subject of several other reports. BMO Capital Markets lowered Funko from an outperform rating to a market perform rating and set a $10.00 price objective for the company. in a research report on Tuesday, December 19th. Stifel Nicolaus began coverage on Funko in a research report on Monday, November 27th. They issued a buy rating and a $11.00 price objective for the company. Goldman Sachs Group began coverage on Funko in a research report on Monday, November 27th. They issued a buy rating and a $16.00 price objective for the company. Piper Jaffray Companies began coverage on Funko in a research report on Monday, November 27th. They issued an overweight rating and a $12.00 price objective for the company. Finally, Jefferies Group set a $13.00 price objective on Funko and gave the stock a buy rating in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $12.38.
Funko (NASDAQ FNKO) traded down $0.05 during mid-day trading on Friday, hitting $7.15. The stock had a trading volume of 84,526 shares, compared to its average volume of 286,073. Funko has a 1 year low of $5.81 and a 1 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 $165.71 and a price-to-earnings ratio of 21.03.
Several hedge funds have recently bought and sold shares of the company. J. Goldman & Co LP bought a new stake in Funko in the 4th quarter valued at about $4,822,000. Tyvor Capital LLC bought a new stake in Funko in the 4th quarter valued at about $4,398,000. BlackRock Inc. bought a new stake in Funko in the 4th quarter valued at about $3,542,000. California Public Employees Retirement System bought a new stake in Funko in the 4th quarter valued at about $2,496,000. Finally, Two Sigma Investments LP bought a new stake in Funko in the 4th quarter valued at about $1,151,000. 0.96% of the stock is owned by hedge funds and other institutional investors.
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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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