Funko (FNKO) Sets New 12-Month High at $25.61
Funko Inc (NASDAQ:FNKO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $25.61 and last traded at $25.42, with a volume of 488449 shares traded. The stock had previously closed at $24.27.
A number of equities research analysts have issued reports on the stock. BMO Capital Markets upped their price objective on shares of 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 reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Funko in a research report on Friday, August 10th. Zacks Investment Research downgraded shares of Funko from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. JPMorgan Chase & Co. upped their price objective on shares of Funko from $14.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, August 10th. Finally, Piper Jaffray Companies set a $24.00 price objective on shares of Funko and gave the stock a “buy” rating in a research report on Thursday, August 9th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.94.
The stock has a market cap of $1.23 billion and a price-to-earnings ratio of 88.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.03 and a current ratio of 1.55.
Several institutional investors have recently added to or reduced their stakes in FNKO. Deutsche Bank AG bought a new position in shares of Funko during the 4th quarter valued at approximately $157,000. TIAA CREF Investment Management LLC bought a new position in shares of Funko during the 4th quarter valued at approximately $113,000. Millennium Management LLC bought a new position in shares of Funko during the 4th quarter valued at approximately $453,000. Citadel Advisors LLC grew its position in shares of Funko by 203.8% during the 1st quarter. Citadel Advisors LLC now owns 225,578 shares of the company’s stock valued at $1,852,000 after acquiring an additional 151,326 shares during the period. Finally, Element Capital Management LLC bought a new position in shares of Funko during the 1st quarter valued at approximately $104,000. 37.57% of the stock is owned by hedge funds and other institutional investors.
Funko Company Profile (NASDAQ:FNKO)
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.
Featured Story: Average Daily Trade Volume – What It Means In Stock Trading
Receive News & Ratings for Funko Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Funko and related companies with MarketBeat.com's FREE daily email newsletter.