Piper Sandler reaffirmed their buy rating on shares of Funko (NASDAQ:FNKO) in a research report sent to investors on Monday, TipRanks reports. They currently have a $12.00 price target on the stock. Piper Sandler also issued estimates for Funko’s Q4 2019 earnings at $0.06 EPS and FY2019 earnings at $0.71 EPS.
A number of other equities research analysts have also issued reports on FNKO. DA Davidson lowered Funko from a buy rating to a neutral rating and cut their target price for the stock from $35.00 to $11.00 in a research report on Thursday, February 6th. TheStreet lowered Funko from a c- rating to a d+ rating in a research report on Monday, February 10th. Piper Jaffray Companies cut their target price on Funko from $30.00 to $24.00 and set an overweight rating on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. lowered Funko from an overweight rating to an underweight rating and cut their target price for the stock from $29.00 to $9.50 in a research report on Thursday, February 6th. Finally, BMO Capital Markets cut their target price on Funko from $18.00 to $8.00 and set a market perform rating on the stock in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Funko has an average rating of Hold and an average price target of $13.30.
Shares of Funko stock opened at $8.09 on Monday. The stock’s fifty day moving average is $12.60 and its 200-day moving average is $17.15. The firm has a market capitalization of $403.51 million, a PE ratio of 11.24, a price-to-earnings-growth ratio of 0.59 and a beta of 1.89. The company has a quick ratio of 1.15, a current ratio of 1.72 and a debt-to-equity ratio of 0.88. Funko has a 12-month low of $7.68 and a 12-month high of $27.89.
Several hedge funds have recently modified their holdings of FNKO. New York State Teachers Retirement System purchased a new position in shares of Funko during the fourth quarter valued at $27,000. US Bancorp DE purchased a new position in shares of Funko during the fourth quarter valued at $36,000. Bank of Montreal Can grew its holdings in shares of Funko by 76.3% during the fourth quarter. Bank of Montreal Can now owns 2,762 shares of the company’s stock valued at $47,000 after buying an additional 1,195 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Funko during the second quarter valued at $62,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Funko by 254.4% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,622 shares of the company’s stock valued at $62,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds own 63.99% of the company’s stock.
Funko Company Profile
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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