ValuEngine Downgrades J2 Global (JCOM) to Sell

J2 Global (NASDAQ:JCOM) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Other equities analysts have also recently issued research reports about the company. BidaskClub cut J2 Global from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 14th. Robert W. Baird reiterated a “buy” rating and set a $92.00 price target on shares of J2 Global in a report on Monday, August 13th. Citigroup reduced their price target on J2 Global from $88.00 to $86.00 and set a “neutral” rating for the company in a report on Monday, August 13th. Finally, Wedbush initiated coverage on J2 Global in a report on Thursday, October 18th. They set an “outperform” rating and a $95.00 price target for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $93.25.

J2 Global stock traded down $1.07 during midday trading on Tuesday, reaching $75.09. 9,339 shares of the company’s stock were exchanged, compared to its average volume of 447,839. J2 Global has a 52 week low of $69.09 and a 52 week high of $91.58. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.17 and a current ratio of 2.17. The stock has a market capitalization of $3.69 billion, a P/E ratio of 13.88, a PEG ratio of 1.62 and a beta of 0.94.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Monday, November 5th. The technology company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.12. J2 Global had a return on equity of 26.81% and a net margin of 10.86%. The business had revenue of $292.72 million during the quarter, compared to analysts’ expectations of $295.19 million. Research analysts forecast that J2 Global will post 5.79 earnings per share for the current year.

In other news, insider Steve P. Dunn sold 1,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $83.90, for a total transaction of $88,262.80. Following the completion of the sale, the insider now owns 18,416 shares in the company, valued at $1,545,102.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $81.43, for a total value of $244,290.00. Following the sale, the chief executive officer now owns 723,830 shares of the company’s stock, valued at approximately $58,941,476.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,509 shares of company stock valued at $996,327. Corporate insiders own 5.15% of the company’s stock.

Several large investors have recently modified their holdings of JCOM. Prudential Financial Inc. boosted its holdings in shares of J2 Global by 784.0% during the third quarter. Prudential Financial Inc. now owns 382,149 shares of the technology company’s stock worth $31,660,000 after acquiring an additional 338,921 shares during the period. First Trust Advisors LP boosted its holdings in shares of J2 Global by 13.5% during the third quarter. First Trust Advisors LP now owns 1,965,705 shares of the technology company’s stock worth $162,859,000 after acquiring an additional 234,167 shares during the period. RE Advisers Corp boosted its holdings in shares of J2 Global by 99.5% during the second quarter. RE Advisers Corp now owns 410,935 shares of the technology company’s stock worth $35,591,000 after acquiring an additional 205,000 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of J2 Global by 18.8% during the second quarter. Macquarie Group Ltd. now owns 1,016,872 shares of the technology company’s stock worth $88,071,000 after acquiring an additional 161,215 shares during the period. Finally, LSV Asset Management bought a new stake in shares of J2 Global during the second quarter worth approximately $11,874,000. Institutional investors own 99.90% of the company’s stock.

About J2 Global

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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