Funko (NASDAQ:FNKO) Price Target Cut to $10.00

Funko (NASDAQ:FNKOGet Rating) had its price target lowered by stock analysts at BMO Capital Markets from $22.00 to $10.00 in a note issued to investors on Monday, The Fly reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price suggests a potential downside of 2.44% from the stock’s current price.

FNKO has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded Funko from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $32.00 to $16.00 in a report on Friday, November 4th. DA Davidson lowered their target price on Funko from $48.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Bank of America lowered Funko from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $35.00 to $9.00 in a research report on Monday. Truist Financial lowered Funko from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $26.00 to $13.00 in a research report on Friday, November 4th. Finally, The Goldman Sachs Group decreased their target price on Funko from $25.50 to $22.00 and set a “neutral” rating for the company in a research report on Monday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Funko currently has a consensus rating of “Hold” and an average price target of $17.14.

Funko Price Performance

Funko stock opened at $10.25 on Monday. The stock’s fifty day moving average price is $20.71 and its two-hundred day moving average price is $21.29. The firm has a market cap of $513.87 million, a PE ratio of 10.46, a price-to-earnings-growth ratio of 0.17 and a beta of 1.84. Funko has a one year low of $7.60 and a one year high of $27.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.37 and a quick ratio of 0.76.

Insider Buying and Selling at Funko

In other news, CFO Jung Jennifer Fall sold 37,207 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $23.39, for a total value of $870,271.73. Following the completion of the sale, the chief financial officer now directly owns 52,310 shares in the company, valued at $1,223,530.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Funko news, CFO Jung Jennifer Fall sold 37,207 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $23.39, for a total value of $870,271.73. Following the transaction, the chief financial officer now directly owns 52,310 shares of the company’s stock, valued at approximately $1,223,530.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tracy D. Daw sold 26,800 shares of the business’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $22.78, for a total transaction of $610,504.00. Following the completion of the sale, the insider now owns 46,730 shares in the company, valued at $1,064,509.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 64,821 shares of company stock worth $1,497,577. 12.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Funko

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its stake in Funko by 221.3% in the 1st quarter. Lazard Asset Management LLC now owns 4,154 shares of the company’s stock valued at $71,000 after buying an additional 2,861 shares in the last quarter. Amalgamated Bank bought a new position in Funko during the 1st quarter worth $75,000. Russell Investments Group Ltd. boosted its holdings in shares of Funko by 8,667.1% in the 1st quarter. Russell Investments Group Ltd. now owns 6,400 shares of the company’s stock valued at $110,000 after purchasing an additional 6,327 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Funko by 457.7% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,322 shares of the company’s stock valued at $148,000 after purchasing an additional 6,009 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Funko during the 2nd quarter valued at $177,000. Institutional investors and hedge funds own 80.80% of the company’s stock.

Funko Company Profile

(Get Rating)

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides vinyl, blind-packed miniature, and action figures; fashion accessories, including bags, backpacks, and wallets; apparel, such as t-shirts and hats; board games, plush products, and accessories, such as keychains, pens, and pins; homewares, comprising drinkware, and other home accessories, non-fungible tokens, and others.

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