Funko (NASDAQ:FNKO) had its price objective cut by SunTrust Banks from $26.00 to $12.00 in a report released on Tuesday morning, The Fly reports. They currently have a buy rating on the stock. SunTrust Banks also issued estimates for Funko’s Q4 2019 earnings at $0.13 EPS, FY2019 earnings at $0.76 EPS, Q1 2020 earnings at ($0.03) EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.23 EPS and FY2020 earnings at $0.83 EPS.

Several other equities analysts also recently issued reports on FNKO. DA Davidson downgraded Funko from a buy rating to a neutral rating and reduced their price objective for the stock from $35.00 to $11.00 in a research report on Thursday, February 6th. Bank of America downgraded Funko from a buy rating to an underperform rating and reduced their price objective for the stock from $29.00 to $10.00 in a research report on Thursday, February 6th. BMO Capital Markets reduced their price objective on Funko from $18.00 to $8.00 and set a market perform rating for the company in a research report on Monday. BidaskClub downgraded Funko from a sell rating to a strong sell rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. downgraded Funko from an overweight rating to an underweight rating and reduced their price objective for the stock from $29.00 to $9.50 in a research report on Thursday, February 6th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $13.45.

Shares of NASDAQ FNKO traded up $0.27 during midday trading on Tuesday, hitting $9.71. 1,263,417 shares of the company’s stock were exchanged, compared to its average volume of 1,320,214. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.72 and a quick ratio of 1.15. The stock’s 50 day moving average price is $14.77 and its 200-day moving average price is $18.16. The firm has a market cap of $423.99 million, a P/E ratio of 13.49, a PEG ratio of 0.56 and a beta of 1.89. Funko has a twelve month low of $8.29 and a twelve month high of $27.89.

In other news, Director Charles D. Denson bought 36,000 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $13.84 per share, for a total transaction of $498,240.00. Following the completion of the transaction, the director now directly owns 94,900 shares of the company’s stock, valued at approximately $1,313,416. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.26% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FNKO. Metropolitan Life Insurance Co NY acquired a new stake in Funko in the first quarter worth approximately $85,000. First Trust Advisors LP lifted its position in Funko by 11.8% in the first quarter. First Trust Advisors LP now owns 20,936 shares of the company’s stock worth $455,000 after purchasing an additional 2,211 shares during the period. BlackRock Inc. lifted its position in Funko by 41.3% in the second quarter. BlackRock Inc. now owns 1,051,073 shares of the company’s stock worth $25,457,000 after purchasing an additional 307,444 shares during the period. Vanguard Group Inc. lifted its position in Funko by 27.3% in the second quarter. Vanguard Group Inc. now owns 592,347 shares of the company’s stock worth $14,347,000 after purchasing an additional 126,886 shares during the period. Finally, Morgan Stanley lifted its position in Funko by 225.1% in the second quarter. Morgan Stanley now owns 80,054 shares of the company’s stock worth $1,939,000 after purchasing an additional 55,433 shares during the period. Hedge funds and other institutional investors own 63.16% 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, blind-packed miniature, and action figures; and plush products, accessories, apparels, and homewares, as well as bags, purses, and wallets.

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The Fly

Analyst Recommendations for Funko (NASDAQ:FNKO)

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