Notable Downgrades: Jakks Pacific (JAKK), Pandora Media (P), NPS Pharmaceuticals (NPSP), Synaptics (SYNA)

Shares of Jakks Pacific, Inc. (JAKK) were downgraded to ‘Neutral’ from ‘Buy’ by B. Riley & Co on Friday. The firm also cut its 12-month base case estimate to $8.00 from $11.00.

Jakks Pacific has a PEG and forward P/E ratio of 1.32 and 12.64, respectively. Price/Sales for the same period is 0.23 while EPS is ($0.22). Currently there are 6 analysts that rate JAKK a ‘Buy’, while 2 rate it a ‘Hold’. No analysts rate it a ‘Sell’. JAKK has a median Wall Street price target of $10.50 with a high target of $13.00.

In the past 52 weeks, shares of Malibu, California-based company have traded between a low of $5.45 and a high of $9.48 and are now at $7.01. Shares are up 12.10% year-over-year and 3.42% year-to-date.

Jakks’shares rose about 0.86% in early trading on the Nasdaq.

Analysts at Canaccord lowered their Pandora Media, Inc. (P) price target to $36 from $43 in a research report issued to investors on Friday. The firm maintains its ‘Buy’ rating on Pandora shares.

P shares recently lost $3.41, or about 15%, to $19.79. In the past 52 weeks, shares of Oakland, California-based company have traded between a low of $19.91 and a high of $40.44. Shares are down 13.05% year-over-year and 13.08% year-to-date.

The chart below shows where the equity has traded over the last year, with the 50-day and 200-day moving averages included.

NPS Pharmaceuticals, Inc. (NPSP), a biopharmaceutical company engaged in the development of therapeutic products in the US, was downgraded by Goldman Sachs (GS) analysts to ‘Neutral’ from a ‘Buy’ rating Friday. NPS Pharmaceuticalsshares were down 7.39% at $26.82 in early trade, moving within a 52-week range of $21.60 – $39.68.

In a report published today, Cowen analysts lowered their price target on Synaptics Inc. (SYNA) to $90 from $100, citing lower Q1 revenues and gross margins and the company’s reduced guidance for 2015. Cowen maintains its ‘Outperform’ rating on the name.

SYNA shares recently lost $8.23 to $65.04. The stock is up more than 39.77% year-over-year and has gained roughly 41.42% year-to-date. In the past 52 weeks, shares of San Jose, California-based company have traded between a low of $43.94 and a high of $93.27.

Synaptics Inc. which closed Thursday at $73.27, has a total market cap of $2.39B.

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