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

JAKKS Pacific, Inc. (NASDAQ:JAKK) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research cut JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Wall Street Zen upgraded JAKKS Pacific from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

JAKKS Pacific Stock Performance

The firm has a market cap of $202.18 million, a price-to-earnings ratio of 36.61 and a beta of 1.61. The stock has a 50-day moving average of $17.73 and a 200-day moving average of $17.68.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Aviva PLC bought a new stake in JAKKS Pacific during the second quarter worth about $469,000. Acadian Asset Management LLC increased its position in shares of JAKKS Pacific by 13.2% during the 2nd quarter. Acadian Asset Management LLC now owns 106,474 shares of the company’s stock worth $2,211,000 after purchasing an additional 12,383 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of JAKKS Pacific during the 2nd quarter worth approximately $530,000. Gratia Capital LLC acquired a new stake in shares of JAKKS Pacific in the 2nd quarter valued at approximately $3,116,000. Finally, Squarepoint Ops LLC grew its stake in shares of JAKKS Pacific by 328.1% in the second quarter. Squarepoint Ops LLC now owns 45,508 shares of the company’s stock valued at $946,000 after buying an additional 34,879 shares in the last quarter. 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.