Wall Street Zen Downgrades JAKKS Pacific (NASDAQ:JAKK) to Buy

JAKKS Pacific (NASDAQ:JAKK) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other research firms have also recently weighed in on JAKK. Weiss Ratings upgraded shares of JAKKS Pacific from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 15th. Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

JAKKS Pacific Price Performance

JAKKS Pacific stock opened at $25.70 on Friday. JAKKS Pacific has a fifty-two week low of $14.86 and a fifty-two week high of $27.22. The firm’s 50 day simple moving average is $23.82 and its 200-day simple moving average is $21.86. The company has a market cap of $294.01 million, a P/E ratio of 18.49 and a beta of 1.41.

Institutional Trading of JAKKS Pacific

Several institutional investors have recently made changes to their positions in JAKK. State of Alaska Department of Revenue purchased a new position in JAKKS Pacific during the fourth quarter valued at approximately $32,000. Royal Bank of Canada increased its stake in JAKKS Pacific by 543.6% in the 1st quarter. Royal Bank of Canada now owns 2,066 shares of the company’s stock valued at $41,000 after buying an additional 1,745 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in JAKKS Pacific in the 3rd quarter worth approximately $46,000. Quarry LP purchased a new stake in JAKKS Pacific in the 3rd quarter worth approximately $51,000. Finally, BNP Paribas Financial Markets lifted its position in JAKKS Pacific by 155.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 3,072 shares of the company’s stock worth $64,000 after buying an additional 1,871 shares in the last quarter. 44.38% of the stock is currently owned by institutional investors and hedge funds.

About JAKKS Pacific

JAKKS Pacific, Inc (NASDAQ: JAKK) is a Los Angeles–based company that designs, develops and markets a broad range of toys and consumer products. Since its founding in 1995 by industry veteran Jack Friedman, the company has built a diversified portfolio spanning three primary segments: Toys, Consumer Electronics & Seasonal, and Kids Furniture & Accessories. JAKKS Pacific specializes in both licensed and proprietary brands, collaborating with major entertainment and sports licensors to bring popular characters and franchises to market.

The company’s Toys segment includes action figures, dolls, role-play items, collectible toys and outdoor activity products.