J2 Global Inc (NASDAQ:JCOM) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $93.25.
Several equities analysts have weighed in on JCOM shares. BidaskClub raised shares of J2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Citigroup decreased their price objective on J2 Global from $88.00 to $86.00 and set a “neutral” rating for the company in a research note on Monday, August 13th. Wedbush initiated coverage on J2 Global in a research note on Thursday, October 18th. They issued an “outperform” rating and a $95.00 price objective for the company. ValuEngine cut J2 Global from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $92.00 price objective on shares of J2 Global in a research note on Monday, August 13th.
Shares of NASDAQ:JCOM traded down $0.28 during trading on Thursday, reaching $74.27. The company had a trading volume of 276,312 shares, compared to its average volume of 433,348. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.60 and a beta of 0.94. J2 Global has a 12 month low of $69.09 and a 12 month high of $91.58. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.75 and a quick ratio of 2.17.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be paid a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Friday, November 16th. This is a boost from J2 Global’s previous quarterly dividend of $0.43. J2 Global’s dividend payout ratio (DPR) is presently 31.42%.
In related news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $81.43, for a total transaction of $244,290.00. Following the transaction, the chief executive officer now owns 723,830 shares of the company’s stock, valued at $58,941,476.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeremy Rossen sold 2,457 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $81.17, for a total value of $199,434.69. Following the transaction, the vice president now directly owns 30,715 shares in the company, valued at approximately $2,493,136.55. The disclosure for this sale can be found here. Insiders sold a total of 12,509 shares of company stock valued at $996,327 in the last quarter. Company insiders own 5.15% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Fort L.P. bought a new position in shares of J2 Global in the second quarter worth about $120,000. Advisors Asset Management Inc. increased its stake in shares of J2 Global by 1,169.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 27,728 shares of the technology company’s stock worth $175,000 after acquiring an additional 25,543 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of J2 Global in the 2nd quarter worth about $194,000. World Asset Management Inc bought a new position in shares of J2 Global in the 2nd quarter worth about $208,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of J2 Global in the 3rd quarter worth about $238,000. 99.90% of the stock is currently owned by hedge funds and other institutional investors.
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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