Zacks Investment Research lowered shares of Funko (NASDAQ:FNKO) from a hold rating to a sell rating in a research report sent to investors 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. “
A number of other research analysts have also recently weighed in on the company. Piper Jaffray Companies set a $12.00 price objective on Funko and gave the company a buy rating in a research report on Wednesday, January 17th. BMO Capital Markets cut Funko from an outperform rating to a market perform rating and set a $10.00 price objective on the stock. in a research report on Tuesday, December 19th. Jefferies Group set a $13.00 price objective on Funko and gave the company a buy rating in a research report on Wednesday, December 6th. SunTrust Banks began coverage on 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 began coverage on 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 sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $12.38.
Hedge funds have recently bought and sold shares of the company. Dean Capital Investments Management LLC purchased a new position in shares of Funko during the 4th quarter valued at about $109,000. California State Teachers Retirement System purchased a new position in Funko in the 4th quarter worth approximately $110,000. TIAA CREF Investment Management LLC purchased a new position in Funko in the 4th quarter worth approximately $113,000. Engineers Gate Manager LP purchased a new position in Funko in the 4th quarter worth approximately $122,000. Finally, Teachers Advisors LLC purchased a new position in Funko in the 4th quarter worth approximately $124,000. 0.96% of the stock is currently owned by hedge funds and other 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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