Several other analysts have also weighed in on FNKO. JPMorgan Chase & Co. lowered Funko from an overweight rating to an underweight rating and cut their price objective for the company from $29.00 to $9.50 in a report on Thursday, February 6th. Bank of America lowered Funko from a buy rating to an underperform rating and lowered their price objective for the company from $29.00 to $10.00 in a report on Thursday, February 6th. DA Davidson lowered Funko from a buy rating to a neutral rating and lowered their target price for the company from $35.00 to $11.00 in a report on Thursday, February 6th. Zacks Investment Research cut Funko from a hold rating to a strong sell rating in a report on Monday. Finally, Stifel Nicolaus cut Funko from a buy rating to a hold rating and lowered their target price for the company from $25.00 to $10.00 in a research note on Friday, February 7th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $13.45.
FNKO traded up $0.31 during trading on Tuesday, reaching $9.75. 41,539 shares of the company were exchanged, compared to its average volume of 1,322,106. The stock has a market cap of $423.99 million, a P/E ratio of 13.47, a PEG ratio of 0.56 and a beta of 1.89. The firm has a 50 day moving average of $14.77 and a 200 day moving average of $18.16. The company has a current ratio of 1.72, a quick ratio of 1.15 and a debt-to-equity ratio of 0.88. Funko has a 52 week low of $8.29 and a 52 week high of $27.89.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its holdings in Funko by 2,990.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,281,161 shares of the company’s stock worth $26,360,000 after purchasing an additional 1,239,709 shares during the period. Millennium Management LLC lifted its position in Funko by 221.3% during the third quarter. Millennium Management LLC now owns 854,917 shares of the company’s stock valued at $17,589,000 after purchasing an additional 588,798 shares during the period. Sepio Capital LLC lifted its position in Funko by 171.2% during the fourth quarter. Sepio Capital LLC now owns 685,392 shares of the company’s stock valued at $11,761,000 after purchasing an additional 432,654 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new position in Funko in the fourth quarter worth approximately $6,301,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Funko in the fourth quarter worth approximately $6,006,000. Institutional investors own 63.16% of the company’s stock.
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.
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