JAKKS Pacific (NASDAQ:JAKK) Rating Lowered to Sell at Wall Street Zen

JAKKS Pacific (NASDAQ:JAKK) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other research firms have also recently commented on JAKK. Zacks Research upgraded JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reissued a “hold (c-)” rating on shares of JAKKS Pacific in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, JAKKS Pacific presently has an average rating of “Hold”.

JAKKS Pacific Stock Performance

NASDAQ:JAKK opened at $17.00 on Friday. JAKKS Pacific has a one year low of $15.50 and a one year high of $35.79. The business’s 50-day simple moving average is $18.34 and its 200 day simple moving average is $19.17. The stock has a market cap of $189.55 million, a price-to-earnings ratio of 5.01 and a beta of 1.36.

Institutional Investors Weigh In On JAKKS Pacific

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of JAKKS Pacific during the 1st quarter valued at $271,000. Nuveen LLC acquired a new stake in shares of JAKKS Pacific during the 1st quarter valued at $714,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of JAKKS Pacific during the 1st quarter valued at $391,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of JAKKS Pacific during the 1st quarter valued at $971,000. Finally, Victory Capital Management Inc. lifted its position in shares of JAKKS Pacific by 169.7% during the 1st quarter. Victory Capital Management Inc. now owns 38,750 shares of the company’s stock valued at $956,000 after acquiring an additional 24,384 shares during the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

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.