Bank of America Begins Coverage on Funko (FNKO)
Bank of America started coverage on shares of Funko (NASDAQ:FNKO) in a research note released on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $12.00 target price on the stock.
Several other brokerages have also recently commented on FNKO. BMO Capital Markets assumed coverage on shares of Funko in a research report on Monday. They issued an outperform rating and a $10.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Funko in a research report on Monday. 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 report on Monday. They issued a buy rating and a $16.00 price target on the stock. J P Morgan Chase & Co assumed coverage on shares of Funko in a research report on Monday. They issued an overweight rating and a $14.00 price target on the stock. Finally, Jefferies Group began coverage on shares of Funko in a research report on Monday. They issued a buy rating and a $13.00 price target on the stock. Eight research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of $12.38.
Shares of Funko (FNKO) opened at $8.67 on Monday. Funko has a 1 year low of $6.93 and a 1 year high of $8.77.
In related news, Director Charles D. Denson purchased 13,300 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $12.00 per share, with a total value of $159,600.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
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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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