Funko Inc (FNKO) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Funko Inc (NASDAQ:FNKO) have earned an average rating of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.38.

FNKO has been the subject of a number of analyst reports. BMO Capital Markets downgraded shares of Funko from an “outperform” rating to a “market perform” rating and set a $10.00 price target for the company. in a report on Tuesday, December 19th. Jefferies Group set a $13.00 price target on shares of Funko and gave the company a “buy” rating in a report on Wednesday, December 6th. Bank of America initiated coverage on shares of Funko in a report on Monday, November 27th. They issued a “buy” rating and a $12.00 price target for the company. JPMorgan Chase & Co. initiated coverage on shares of Funko in a report on Monday, November 27th. They issued an “overweight” rating and a $14.00 price target for the company. Finally, Goldman Sachs Group initiated coverage on shares of Funko in a report on Monday, November 27th. They issued a “buy” rating and a $16.00 price target for the company.

Institutional investors have recently bought and sold shares of the stock. Dean Capital Investments Management LLC purchased a new stake in Funko in the 4th quarter worth about $109,000. Engineers Gate Manager LP purchased a new stake in Funko in the 4th quarter worth about $122,000. Quantitative Systematic Strategies LLC purchased a new stake in Funko in the 4th quarter worth about $164,000. Citadel Advisors LLC purchased a new stake in Funko in the 4th quarter worth about $494,000. Finally, California Public Employees Retirement System purchased a new stake in Funko in the 4th quarter worth about $2,496,000. 0.04% of the stock is currently owned by institutional investors.

Funko (FNKO) opened at $7.32 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 1.52. Funko has a 1-year low of $5.81 and a 1-year high of $9.90.

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About Funko

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.

Analyst Recommendations for Funko (NASDAQ:FNKO)

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