Shares of Funko Inc (NASDAQ:FNKO) have received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $12.38.
FNKO has been the topic of a number of analyst reports. Jefferies Group set a $13.00 price target on Funko and gave the company a “buy” rating in a research report on Wednesday, December 6th. BMO Capital Markets lowered Funko from an “outperform” rating to a “market perform” rating and set a $10.00 price objective on the stock. in a research note on Tuesday, December 19th. Goldman Sachs Group started coverage on Funko in a research note on Monday, November 27th. They issued a “buy” rating and a $16.00 price objective on the stock. Zacks Investment Research lowered Funko from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Piper Jaffray Companies set a $12.00 price objective on Funko and gave the stock a “buy” rating in a research note on Wednesday, January 17th.
A number of institutional investors have recently bought and sold shares of the business. Dean Capital Investments Management LLC acquired a new position in Funko in the fourth quarter worth $109,000. California State Teachers Retirement System acquired a new position in Funko in the fourth quarter worth $110,000. TIAA CREF Investment Management LLC acquired a new position in Funko in the fourth quarter worth $113,000. Engineers Gate Manager LP acquired a new position in Funko in the fourth quarter worth $122,000. Finally, Teachers Advisors LLC acquired a new position in Funko in the fourth quarter worth $124,000. 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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