JAKKS Pacific (NASDAQ:JAKK) Shares Cross Above 200 Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.68 and traded as high as $18.36. JAKKS Pacific shares last traded at $17.94, with a volume of 102,281 shares traded.

Analysts Set New Price Targets

JAKK has been the subject of a number of analyst reports. Wall Street Zen raised shares of JAKKS Pacific from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Zacks Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

JAKKS Pacific Trading Down 2.3%

The company has a market cap of $202.18 million, a price-to-earnings ratio of 36.61 and a beta of 1.61. The business’s 50 day moving average price is $17.73 and its 200-day moving average price is $17.68.

Institutional Investors Weigh In On JAKKS Pacific

A number of institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. acquired a new position in shares of JAKKS Pacific in the third quarter valued at approximately $25,000. EMC Capital Management bought a new stake in JAKKS Pacific in the 2nd quarter valued at $28,000. State of Alaska Department of Revenue acquired a new position in JAKKS Pacific in the 4th quarter valued at $32,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in JAKKS Pacific during the 3rd quarter worth $46,000. Finally, Quarry LP acquired a new stake in shares of JAKKS Pacific during the third quarter worth $51,000. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

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.