JAKKS Pacific (NASDAQ:JAKK) Share Price Crosses Above 200-Day Moving Average – What’s Next?

JAKKS Pacific, Inc. (NASDAQ:JAKK) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.31 and traded as high as $33.40. JAKKS Pacific shares last traded at $32.63, with a volume of 131,601 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JAKK. B. Riley raised their target price on shares of JAKKS Pacific from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. StockNews.com raised shares of JAKKS Pacific from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $41.67.

JAKKS Pacific Stock Down 1.4 %

The stock has a market cap of $358.60 million, a P/E ratio of 12.00 and a beta of 2.22. The firm’s fifty day moving average price is $28.32 and its 200-day moving average price is $26.31.

Insider Transactions at JAKKS Pacific

In other news, CFO John Louis Kimble sold 48,253 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $27.62, for a total value of $1,332,747.86. Following the transaction, the chief financial officer now owns 95,544 shares in the company, valued at approximately $2,638,925.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Trading of JAKKS Pacific

Large investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC bought a new stake in JAKKS Pacific in the fourth quarter valued at $89,000. Lynch Asset Management Inc. bought a new stake in JAKKS Pacific in the fourth quarter valued at $204,000. Metis Global Partners LLC bought a new stake in JAKKS Pacific in the fourth quarter valued at $208,000. Commonwealth Equity Services LLC bought a new stake in JAKKS Pacific in the fourth quarter valued at $219,000. Finally, Hohimer Wealth Management LLC bought a new stake in JAKKS Pacific in the third quarter valued at $230,000. Institutional investors own 44.38% of the company’s stock.

JAKKS Pacific Company Profile

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.