Jakks Pacific Inc. (JAKK) Sees Unusually-High Trading Volume
Jakks Pacific Inc. (NASDAQ:JAKK) saw unusually-high trading volume on Monday . Approximately 318,011 shares changed hands during trading, a decline of 5% from the previous session’s volume of 335,490 shares.The stock last traded at $9.31 and had previously closed at $9.43.
JAKK has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Jakks Pacific from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a research report on Friday. BMO Capital Markets reiterated a “buy” rating on shares of Jakks Pacific in a research report on Monday, April 25th. B. Riley reiterated a “neutral” rating and set a $8.25 price objective on shares of Jakks Pacific in a research report on Friday, May 20th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $11.00 price objective on shares of Jakks Pacific in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Jakks Pacific presently has a consensus rating of “Hold” and an average price target of $11.67.
The company has a market cap of $155.49 million and a price-to-earnings ratio of 18.06. The company’s 50-day moving average is $8.17 and its 200-day moving average is $7.49.
Jakks Pacific (NASDAQ:JAKK) last posted its earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.04. The company had revenue of $141 million for the quarter, compared to analyst estimates of $134.80 million. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.30) EPS. On average, equities analysts predict that Jakks Pacific Inc. will post $0.79 earnings per share for the current year.
In other news, major shareholder Patrick Soon-Shiong sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $8.80, for a total transaction of $264,000.00. Following the completion of the sale, the insider now owns 239,622 shares in the company, valued at approximately $2,108,673.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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