Jakks Pacific Inc. (JAKK) Sees Unusually-High Trading Volume
Jakks Pacific Inc. (NASDAQ:JAKK) shares saw unusually-strong trading volume on Wednesday . Approximately 345,694 shares changed hands during trading, an increase of 26% from the previous session’s volume of 273,621 shares.The stock last traded at $8.25 and had previously closed at $8.06.
A number of equities research analysts have issued reports on JAKK shares. BMO Capital Markets reiterated a “buy” rating on shares of Jakks Pacific in a report on Monday, April 25th. B. Riley reiterated a “neutral” rating and set a $8.25 target price on shares of Jakks Pacific in a report on Friday, May 20th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $11.00 target price on shares of Jakks Pacific in a report on Monday, May 23rd. Finally, Zacks Investment Research lowered shares of Jakks Pacific from a “hold” rating to a “sell” rating in a report on Tuesday, June 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.53.
The company has a 50 day moving average price of $7.66 and a 200 day moving average price of $7.41. The stock has a market capitalization of $149.37 million and a price-to-earnings ratio of 17.44.
Jakks Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Thursday, April 21st. The company reported ($1.01) EPS for the quarter, missing analysts’ consensus estimates of ($0.94) by $0.07. The business had revenue of $95.80 million for the quarter, compared to the consensus estimate of $98 million. The company’s quarterly revenue was down 16.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) earnings per share. Analysts predict that Jakks Pacific Inc. will post $0.78 EPS for the current year.
In other news, major shareholder Patrick Soon-Shiong sold 88,606 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 239,622 shares of the company’s stock, valued at $1,883,428.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently bought a new position in Jakks Pacific stock. Oxford Asset Management purchased a new position in Jakks Pacific Inc. (NASDAQ:JAKK) during the fourth quarter, Holdings Channel reports. The firm purchased 427,367 shares of the company’s stock, valued at approximately $3,423,000. Oxford Asset Management owned 2.44% of Jakks Pacific at the end of the most recent reporting period.
JAKKS Pacific, Inc (JAKKS) is a multi-line, multi-brand toy company that 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.