Funko (FNKO) Stock Price Up 6.4%

Funko Inc (NASDAQ:FNKO) rose 6.4% during mid-day trading on Thursday . The company traded as high as $7.17 and last traded at $7.12. Approximately 748,419 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 449,890 shares. The stock had previously closed at $6.69.

FNKO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Funko in a research note on Monday, November 27th. They issued an “overweight” rating and a $14.00 price target on the stock. Jefferies Group initiated coverage on shares of Funko in a research note on Monday, November 27th. They issued a “buy” rating and a $13.00 price target on the stock. Bank of America initiated coverage on shares of Funko in a research note on Monday, November 27th. They issued a “buy” rating and a $12.00 price target on the stock. SunTrust Banks initiated coverage on shares of Funko in a research note on Monday, November 27th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, BMO Capital Markets initiated coverage on shares of Funko in a research note on Monday, November 27th. They issued an “outperform” rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.38.

The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.67 and a current ratio of 1.06.

In other Funko news, Director Charles D. Denson bought 13,300 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average cost of $12.00 per share, with a total value of $159,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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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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