JAKKS Pacific (JAKK) Getting Somewhat Positive News Coverage, Report Shows
Headlines about JAKKS Pacific (NASDAQ:JAKK) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. JAKKS Pacific earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.8502745877107 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of JAKKS Pacific (NASDAQ JAKK) traded up 2.419% during mid-day trading on Wednesday, hitting $3.175. The stock had a trading volume of 54,301 shares. The firm’s 50 day moving average price is $3.36 and its 200 day moving average price is $4.33. JAKKS Pacific has a 1-year low of $3.00 and a 1-year high of $9.15. The company’s market cap is $72.30 million.
JAKKS Pacific (NASDAQ:JAKK) last issued its earnings results on Tuesday, July 25th. The company reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.21) by ($0.45). The firm had revenue of $119.57 million during the quarter, compared to analyst estimates of $134.02 million. JAKKS Pacific had a negative net margin of 1.76% and a negative return on equity of 7.07%. The business’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.27) earnings per share. Analysts predict that JAKKS Pacific will post $0.15 earnings per share for the current fiscal year.
A number of research analysts have issued reports on JAKK shares. TheStreet cut JAKKS Pacific from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised JAKKS Pacific from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $4.00 target price on JAKKS Pacific and gave the company a “hold” rating in a research note on Wednesday, July 26th. Stifel Nicolaus reissued a “hold” rating and issued a $5.50 target price on shares of JAKKS Pacific in a research note on Monday, July 10th. Finally, Jefferies Group LLC started coverage on JAKKS Pacific in a research note on Thursday, June 8th. They issued a “hold” rating and a $4.50 target price for the company. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.46.
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In other news, CEO Stephen G. Berman bought 10,000 shares of JAKKS Pacific stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $3.40 per share, for a total transaction of $34,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.
About JAKKS Pacific
JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.
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