JAKKS Pacific (NASDAQ:JAKK) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

JAKKS Pacific, Inc. (NASDAQ:JAKK)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $21.30 and traded as high as $25.63. JAKKS Pacific shares last traded at $25.28, with a volume of 80,086 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JAKK. Small Cap Consu upgraded shares of JAKKS Pacific to a “strong-buy” rating in a research report on Tuesday, July 16th. StockNews.com downgraded JAKKS Pacific from a “buy” rating to a “hold” rating in a report on Monday, August 5th. Maxim Group initiated coverage on JAKKS Pacific in a report on Monday, August 26th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, B. Riley started coverage on JAKKS Pacific in a research note on Tuesday, September 17th. They issued a “buy” rating and a $37.00 price target for the company. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $40.33.

JAKKS Pacific Trading Down 1.7 %

The stock has a market cap of $273.05 million, a PE ratio of 9.29 and a beta of 2.34. The business has a fifty day simple moving average of $24.57 and a two-hundred day simple moving average of $21.30.

JAKKS Pacific (NASDAQ:JAKK) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.22). The company had revenue of $148.62 million for the quarter, compared to the consensus estimate of $162.42 million. JAKKS Pacific had a net margin of 4.29% and a return on equity of 14.36%. On average, research analysts predict that JAKKS Pacific, Inc. will post 2.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JAKK. nVerses Capital LLC bought a new position in JAKKS Pacific during the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. boosted its stake in shares of JAKKS Pacific by 1,617.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,537 shares of the company’s stock worth $63,000 after buying an additional 3,331 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in JAKKS Pacific by 13.0% in the first quarter. Lazard Asset Management LLC now owns 8,847 shares of the company’s stock valued at $218,000 after acquiring an additional 1,020 shares during the period. Rhumbline Advisers boosted its position in JAKKS Pacific by 15.4% in the second quarter. Rhumbline Advisers now owns 12,225 shares of the company’s stock worth $219,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of JAKKS Pacific by 50.9% during the 2nd quarter. Sei Investments Co. now owns 13,335 shares of the company’s stock valued at $239,000 after purchasing an additional 4,500 shares during the last quarter. 44.38% of the stock is owned by institutional investors.

About JAKKS Pacific

JAKKS Pacific, Inc designs, produces, markets, sells, and distributes toys and related products, electronic products, and other consumer products worldwide. It operates through two segments, Toys/Consumer Products and Costumes. The company offers action figures and accessories, such as licensed characters; toy vehicles and accessories; dolls and accessories, including small, large, fashion, and baby dolls based on licenses, as well as infant and pre-school products; private label products; and foot-to-floor ride-on products.