Funko (NASDAQ:FNKO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Monday.
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. “
FNKO has been the topic of several other research reports. Jefferies Group set a $13.00 price target on Funko and gave the company a “buy” rating in a report on Wednesday, December 6th. BMO Capital Markets cut Funko from an “outperform” rating to a “market perform” rating and set a $10.00 price target on the stock. in a report on Tuesday, December 19th. Goldman Sachs Group initiated coverage on Funko in a report on Monday, November 27th. They issued a “buy” rating and a $16.00 price target on the stock. Piper Jaffray Companies set a $12.00 price target on Funko and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Stifel Nicolaus initiated coverage on Funko in a report on Monday, November 27th. They issued a “buy” rating and a $11.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $12.38.
A number of institutional investors have recently bought and sold shares of FNKO. Dean Capital Investments Management LLC bought a new position in Funko in the fourth quarter valued at about $109,000. Quantitative Systematic Strategies LLC acquired a new position in Funko in the fourth quarter valued at about $164,000. Engineers Gate Manager LP acquired a new position in Funko in the fourth quarter valued at about $122,000. California Public Employees Retirement System acquired a new position in Funko in the fourth quarter valued at about $2,496,000. Finally, BlackRock Inc. acquired a new position in Funko in the fourth quarter valued at about $3,542,000. Institutional investors and hedge funds own 39.41% of the company’s stock.
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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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