Funko (FNKO) Stock Rating Lowered by Zacks Investment Research

Funko (NASDAQ:FNKO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, February 16th.

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. “

Other analysts have also recently issued reports about the company. SunTrust Banks started coverage on Funko in a research report on Monday, November 27th. They set a “buy” rating and a $11.00 price target for the company. Bank of America started coverage on Funko in a research report on Monday, November 27th. They set a “buy” rating and a $12.00 price target for the company. Stifel Nicolaus started coverage on Funko in a research report on Monday, November 27th. They set a “buy” rating and a $11.00 price target for the company. Goldman Sachs Group started coverage on Funko in a research report on Monday, November 27th. They set a “buy” rating and a $16.00 price target for the company. Finally, Jefferies Group started coverage on Funko in a research report on Monday, November 27th. They set a “buy” rating and a $13.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Funko currently has an average rating of “Buy” and an average price target of $12.38.

Shares of Funko (NASDAQ:FNKO) traded down $0.14 on Friday, hitting $8.75. The company had a trading volume of 446,658 shares, compared to its average volume of 216,819. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.06 and a quick ratio of 0.67. Funko has a 52-week low of $5.81 and a 52-week high of $9.90. The stock has a market capitalization of $204.20 and a PE ratio of 25.74.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. J. Goldman & Co LP acquired a new position in Funko during the fourth quarter worth $4,822,000. Millennium Management LLC acquired a new position in Funko during the fourth quarter worth $453,000. TIAA CREF Investment Management LLC acquired a new position in Funko during the fourth quarter worth $113,000. Teachers Advisors LLC acquired a new position in Funko during the fourth quarter worth $124,000. Finally, California State Teachers Retirement System acquired a new position in Funko during the fourth quarter worth $110,000. 39.41% of the stock is currently owned by institutional investors.

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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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