JAKKS Pacific (NASDAQ:JAKK) Upgraded by Wall Street Zen to “Buy” Rating

JAKKS Pacific (NASDAQ:JAKK) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Separately, Zacks Research downgraded JAKKS Pacific from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. One equities research 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 stock currently has a consensus rating of “Reduce”.

JAKKS Pacific Price Performance

Shares of NASDAQ JAKK opened at $20.32 on Friday. JAKKS Pacific has a 1 year low of $14.86 and a 1 year high of $26.49. The firm has a 50-day simple moving average of $18.93 and a two-hundred day simple moving average of $18.03. The company has a market cap of $232.46 million, a P/E ratio of 23.91 and a beta of 1.58.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Aviva PLC bought a new stake in JAKKS Pacific during the 2nd quarter valued at $469,000. Acadian Asset Management LLC grew 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 buying an additional 12,383 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of JAKKS Pacific during the second quarter valued at $530,000. Gratia Capital LLC purchased a new position in shares of JAKKS Pacific during the second quarter valued at $3,116,000. Finally, Squarepoint Ops LLC raised its holdings 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 acquiring an additional 34,879 shares in the last quarter. 44.38% of the stock is currently owned by hedge funds and other institutional investors.

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.