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

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. “

A number of other brokerages also recently issued reports on FNKO. BMO Capital Markets raised their price objective on Funko from $8.00 to $10.50 and gave the stock a “market perform” rating in a research report on Monday, August 13th. Jefferies Financial Group reissued a “buy” rating and set a $23.00 price objective on shares of Funko in a research report on Friday, August 10th. JPMorgan Chase & Co. raised their target price on Funko from $14.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, August 10th. Piper Jaffray Companies set a $24.00 target price on Funko and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, Stifel Nicolaus raised their target price on Funko from $12.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $18.72.

Shares of NASDAQ:FNKO traded down $0.26 during midday trading on Tuesday, reaching $15.59. 509,993 shares of the company’s stock were exchanged, compared to its average volume of 508,995. The company has a current ratio of 1.55, a quick ratio of 1.03 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $757.17 million and a price-to-earnings ratio of 51.97. Funko has a fifty-two week low of $5.81 and a fifty-two week high of $31.12.

Funko (NASDAQ:FNKO) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The firm had revenue of $176.90 million during the quarter, compared to the consensus estimate of $166.07 million. Funko had a return on equity of 10.72% and a net margin of 1.55%. The company’s quarterly revenue was up 23.9% on a year-over-year basis. During the same period last year, the company earned $0.04 EPS. As a group, equities research analysts predict that Funko will post 0.71 earnings per share for the current fiscal year.

In other news, insider Tracy D. Daw sold 10,000 shares of Funko stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $20.36, for a total value of $203,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Andrew Mark Perlmutter sold 55,000 shares of Funko stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $20.02, for a total value of $1,101,100.00. The disclosure for this sale can be found here. Company insiders own 18.39% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Osterweis Capital Management Inc. purchased a new position in shares of Funko in the 3rd quarter valued at about $4,068,000. Renaissance Technologies LLC purchased a new position in shares of Funko in the 3rd quarter valued at about $12,615,000. GSA Capital Partners LLP purchased a new position in shares of Funko in the 3rd quarter valued at about $386,000. PEAK6 Investments LLC purchased a new position in shares of Funko in the 3rd quarter valued at about $1,582,000. Finally, Trexquant Investment LP purchased a new position in shares of Funko in the 3rd quarter valued at about $223,000. Institutional investors and hedge funds own 38.59% of the company’s stock.

Funko Company Profile

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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