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 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 analyst reports. Zacks Investment Research downgraded shares of Jakks Pacific from a “strong-buy” rating to a “sell” rating in a research note on Monday, July 25th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $11.00 target price on shares of Jakks Pacific in a research note on Monday, May 23rd. Finally, B. Riley reissued a “neutral” rating and issued a $10.00 target price on shares of Jakks Pacific in a research note on Thursday, July 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.67.
The company has a 50-day moving average of $9.22 and a 200-day moving average of $7.92. The company has a market cap of $148.44 million and a P/E ratio of 17.54.
Jakks Pacific (NASDAQ:JAKK) last released its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.04. The company earned $141 million during the quarter, compared to analyst estimates of $134.80 million. During the same period in the prior year, the business posted ($0.30) EPS. Jakks Pacific’s revenue was up 7.6% compared to the same quarter last year. On average, analysts forecast that Jakks Pacific Inc. will post $0.79 earnings per share for the current fiscal year.
In related news, major shareholder Patrick Soon-Shiong sold 88,606 shares of Jakks Pacific stock in a transaction on Friday, June 10th. The shares were sold at an average price of $7.86, for a total value of $696,443.16. Following the sale, the insider now owns 239,622 shares of the company’s stock, valued at approximately $1,883,428.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
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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