Jakks Pacific Inc. (JAKK) Sees Unusually-High Trading Volume
Jakks Pacific Inc. (NASDAQ:JAKK) saw unusually-high trading volume on Friday . Approximately 153,116 shares changed hands during mid-day trading, an increase of 5% from the previous session’s volume of 146,005 shares.The stock last traded at $9.19 and had previously closed at $9.21.
JAKK has been the topic of several recent research reports. Zacks Investment Research upgraded 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, July 22nd. Piper Jaffray Cos. restated an “overweight” rating and issued a $11.00 price objective on shares of Jakks Pacific in a research report on Monday, May 23rd. Finally, B. Riley restated a “neutral” rating and issued a $10.00 price objective on shares of Jakks Pacific in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $11.67.
The company has a market capitalization of $148.44 million and a P/E ratio of 17.54. The firm has a 50-day moving average price of $9.22 and a 200-day moving average price of $7.92.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings data on Wednesday, July 20th. The company reported ($0.27) earnings per share 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 firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.30) EPS. On average, equities analysts predict that Jakks Pacific Inc. will post $0.79 EPS for the current fiscal year.
In other Jakks Pacific news, major shareholder Patrick Soon-Shiong sold 133,619 shares of the firm’s stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $8.82, for a total transaction of $1,178,519.58. Following the sale, the insider now owns 239,622 shares of the company’s stock, valued at $2,113,466.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.