Funko Inc (NASDAQ:FNKO) – Equities researchers at SunTrust Banks decreased their Q2 2018 EPS estimates for Funko in a research report issued to clients and investors on Thursday. SunTrust Banks analyst M. Swartz now anticipates that the company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.07. SunTrust Banks currently has a “Buy” rating and a $11.00 target price on the stock. SunTrust Banks also issued estimates for Funko’s Q3 2018 earnings at $0.26 EPS, FY2018 earnings at $0.65 EPS and FY2019 earnings at $0.86 EPS.
A number of other brokerages also recently weighed in on FNKO. Jefferies Group set a $13.00 target price on shares of Funko and gave the stock a “buy” rating in a research note on Wednesday, December 6th. BMO Capital Markets cut shares of Funko from an “outperform” rating to a “market perform” rating and set a $10.00 price objective for the company. in a report on Tuesday, December 19th. Goldman Sachs Group started coverage on shares of Funko in a report on Monday, November 27th. They set a “buy” rating and a $16.00 price objective for the company. Zacks Investment Research cut shares of Funko from a “hold” rating to a “sell” rating in a report on Friday, February 16th. Finally, Piper Jaffray Companies set a $12.00 price objective on shares of Funko and gave the company a “buy” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $12.38.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dean Capital Investments Management LLC purchased a new position in Funko during the fourth quarter worth $109,000. California State Teachers Retirement System purchased a new position in Funko during the fourth quarter worth $110,000. TIAA CREF Investment Management LLC purchased a new stake in shares of Funko during the fourth quarter valued at $113,000. Engineers Gate Manager LP purchased a new stake in shares of Funko during the fourth quarter valued at $122,000. Finally, Teachers Advisors LLC purchased a new stake in shares of Funko during the fourth quarter valued at $124,000. Institutional investors own 39.41% of the company’s stock.
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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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