Funko (FNKO) Lowered to “Market Perform” at BMO Capital Markets

BMO Capital Markets cut shares of Funko (NASDAQ:FNKO) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday. The brokerage currently has $10.00 price target on the stock.

FNKO has been the topic of a number of other research reports. Stifel Nicolaus assumed coverage on shares of Funko in a research note on Monday, November 27th. They issued a buy rating and a $11.00 price target on the stock. Goldman Sachs Group assumed coverage on shares of Funko in a research note on Monday, November 27th. They issued a buy rating and a $16.00 price target on the stock. Piper Jaffray Companies assumed coverage on shares of Funko in a research note on Monday, November 27th. They issued an overweight rating and a $12.00 price target on the stock. Jefferies Group set a $13.00 price target on shares of Funko and gave the company a buy rating in a research note on Wednesday, December 6th. Finally, SunTrust Banks assumed coverage on shares of Funko in a research note on Monday, November 27th. They issued a buy rating and a $11.00 price target on the stock. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $12.38.

Shares of Funko (NASDAQ:FNKO) traded down $0.79 during mid-day trading on Tuesday, hitting $6.35. 1,291,200 shares of the stock were exchanged, compared to its average volume of 795,944. Funko has a 12 month low of $6.27 and a 12 month high of $9.90. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 1.52.

In related news, Director Charles D. Denson purchased 13,300 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $12.00 per share, for a total transaction of $159,600.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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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.

Analyst Recommendations for Funko (NASDAQ:FNKO)

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