Funko (NASDAQ:FNKO) had its price objective raised by BMO Capital Markets from $10.50 to $12.00 in a research report sent to investors on Thursday morning, The Fly reports. BMO Capital Markets currently has a market perform rating on the stock.

Several other brokerages also recently commented on FNKO. Zacks Investment Research downgraded Funko from a buy rating to a hold rating in a report on Tuesday, August 14th. Piper Jaffray Companies set a $24.00 price objective on Funko and gave the stock a buy rating in a report on Thursday, August 9th. Jefferies Financial Group restated a buy rating and set a $23.00 price objective on shares of Funko in a report on Friday, August 10th. JPMorgan Chase & Co. lifted their price objective on Funko from $14.00 to $24.00 and gave the stock an overweight rating in a report on Friday, August 10th. Finally, Stifel Nicolaus lifted their price objective on Funko from $12.00 to $20.00 and gave the stock a buy rating in a report on Friday, August 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $18.89.

Shares of NASDAQ:FNKO traded down $0.81 during mid-day trading on Thursday, hitting $16.23. 385,371 shares of the company traded hands, compared to its average volume of 563,176. The company has a market cap of $784.98 million and a P/E ratio of 28.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.03 and a current ratio of 1.48. Funko has a 52-week low of $5.81 and a 52-week high of $31.12.

Funko (NASDAQ:FNKO) last announced its earnings results on Thursday, November 8th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $176.90 million for the quarter, compared to the consensus estimate of $166.07 million. Funko had a return on equity of 10.69% and a net margin of 1.55%. The company’s revenue was up 23.9% on a year-over-year basis. During the same period last year, the business posted $0.04 EPS. Analysts predict that Funko will post 0.71 earnings per share for the current year.

In other news, President Andrew Mark Perlmutter sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $20.02, for a total value of $1,101,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tracy D. Daw sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $20.36, for a total value of $203,600.00. The disclosure for this sale can be found here. 18.39% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FNKO. Bank of America Corp DE increased its holdings in shares of Funko by 51.9% in the 2nd quarter. Bank of America Corp DE now owns 9,799 shares of the company’s stock valued at $123,000 after acquiring an additional 3,348 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Funko in the 2nd quarter valued at approximately $138,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Funko in the 2nd quarter valued at approximately $176,000. Inverness Counsel LLC NY bought a new stake in shares of Funko in the 2nd quarter valued at approximately $176,000. Finally, Rhumbline Advisers bought a new stake in shares of Funko in the 3rd quarter valued at approximately $214,000. Institutional investors and hedge funds own 38.59% of the company’s stock.

About Funko

Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, China, Vietnam, and the United Kingdom. The company offers vinyl, bobble head, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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Analyst Recommendations for Funko (NASDAQ:FNKO)

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