J2 Global, Inc. (NASDAQ:JCOM) has earned an average rating of “Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $99.50.
Several equities analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on J2 Global from $105.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, December 16th. Smith Barney Citigroup boosted their price target on J2 Global from $90.00 to $100.00 in a research note on Wednesday, November 4th. BidaskClub cut J2 Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 18th. Barclays boosted their price target on J2 Global from $83.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 4th. Finally, TheStreet upgraded J2 Global from a “c” rating to a “b-” rating in a research note on Wednesday, November 4th.
Shares of J2 Global stock traded up $0.29 on Tuesday, hitting $98.76. The stock had a trading volume of 327,122 shares, compared to its average volume of 633,437. J2 Global has a twelve month low of $53.24 and a twelve month high of $104.57. The business’s 50 day moving average is $92.05 and its two-hundred day moving average is $73.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.91. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.98.
J2 Global (NASDAQ:JCOM) last posted its earnings results on Monday, November 2nd. The technology company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.76 by $0.26. J2 Global had a return on equity of 26.87% and a net margin of 15.12%. The company had revenue of $356.98 million for the quarter, compared to the consensus estimate of $338.56 million. During the same quarter in the prior year, the business earned $1.70 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, equities analysts predict that J2 Global will post 7.49 earnings per share for the current fiscal year.
In other J2 Global news, CFO R Scott Turicchi sold 10,323 shares of the company’s stock in a transaction on Tuesday, December 15th. The stock was sold at an average price of $100.73, for a total transaction of $1,039,835.79. Also, Director Richard S. Ressler sold 200,000 shares of the company’s stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $97.67, for a total value of $19,534,000.00. The disclosure for this sale can be found here. Insiders have sold 215,550 shares of company stock valued at $21,033,766 over the last 90 days. Corporate insiders own 6.11% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Matarin Capital Management LLC bought a new position in shares of J2 Global in the 3rd quarter valued at $4,092,000. Eudaimonia Partners LLC acquired a new stake in J2 Global in the third quarter valued at $61,000. Voloridge Investment Management LLC increased its holdings in J2 Global by 23.5% in the third quarter. Voloridge Investment Management LLC now owns 110,999 shares of the technology company’s stock valued at $7,683,000 after purchasing an additional 21,155 shares during the period. Point72 Hong Kong Ltd acquired a new stake in J2 Global in the third quarter valued at $142,000. Finally, Voce Capital Management LLC acquired a new stake in J2 Global in the third quarter valued at $1,338,000. Institutional investors own 98.37% of the company’s stock.
J2 Global Company Profile
J2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. The company operates through three segments: Fax and Martech; Voice, Backup, Security, and Consumer Privacy and Protection; and Digital Media. It offers cloud services, which includes online fax services under the eFax, sFax, MyFax, eFax Plus, eFax Pro, eFax Secure, eFax Corporate, and eFax Developer brands; on-demand voice, cloud phone, and unified communications services under the eVoice, Line2, and Onebox names; online backup and disaster recovery, sync storage, veeam services, and synchronization and sharing solutions under the KeepItSafe, LiveDrive, LiveVault, OffsiteDataSync, and SugarSync names; email security, web security, and endpoint protection services under the VIPRE and Excel Micro brands; email marketing and delivery services under the Campaigner and SMTP names; virtual private network services under the IPVanish and Encrypt.me; IP licensing services; and customer support services.
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