Funko (FNKO) Cut to “Sell” at Zacks Investment Research

Funko (NASDAQ:FNKO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.

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. “

Other equities analysts have also issued reports about the stock. SunTrust Banks began coverage on shares of Funko in a report on Monday, November 27th. They set a “buy” rating and a $11.00 target price for the company. Bank of America began coverage on shares of Funko in a report on Monday, November 27th. They issued a “buy” rating and a $12.00 price objective for the company. Stifel Nicolaus began coverage on shares of Funko in a report on Monday, November 27th. They issued a “buy” rating and a $11.00 price objective for the company. Goldman Sachs Group began coverage on shares of Funko in a report on Monday, November 27th. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Jefferies Group began coverage on shares of Funko in a report on Monday, November 27th. They issued a “buy” rating and a $13.00 price objective for the company. One research 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 company currently has a consensus rating of “Buy” and an average target price of $12.38.

Funko (NASDAQ FNKO) opened at $7.15 on Friday. Funko has a 1-year low of $5.81 and a 1-year high of $9.90. The stock has a market cap of $165.71 and a P/E ratio of 21.03. The company has a current ratio of 1.06, a quick ratio of 0.67 and a debt-to-equity ratio of 1.52.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dean Capital Investments Management LLC purchased a new position in Funko in the 4th quarter worth approximately $109,000. California State Teachers Retirement System purchased a new position in Funko in the 4th quarter worth approximately $110,000. TIAA CREF Investment Management LLC purchased a new position in Funko in the 4th quarter worth approximately $113,000. Engineers Gate Manager LP purchased a new stake in Funko during the 4th quarter valued at $122,000. Finally, Teachers Advisors LLC purchased a new stake in Funko during the 4th quarter valued at $124,000. Institutional investors own 0.96% of the company’s stock.

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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.

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