J2 Global (NASDAQ:JCOM) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of J2 Global (NASDAQ:JCOM) from a sell rating to a hold rating in a report released on Saturday, BidAskClub reports.

Separately, Sidoti lifted their price target on shares of J2 Global from $110.00 to $116.00 and gave the stock a buy rating in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $105.00.

Shares of NASDAQ:JCOM opened at $89.21 on Friday. The company has a market cap of $4.36 billion, a P/E ratio of 15.07 and a beta of 0.82. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.94 and a quick ratio of 0.94. J2 Global has a 1 year low of $65.07 and a 1 year high of $92.00. The stock’s fifty day moving average price is $84.90 and its 200-day moving average price is $86.40.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Tuesday, August 6th. The technology company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.42 by $0.05. J2 Global had a return on equity of 28.85% and a net margin of 11.61%. The company had revenue of $322.43 million for the quarter, compared to analysts’ expectations of $320.25 million. During the same period last year, the firm posted $1.50 earnings per share. J2 Global’s revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that J2 Global will post 6.63 earnings per share for the current year.

In related news, Director W Brian Kretzmer sold 1,800 shares of J2 Global stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $87.03, for a total value of $156,654.00. Following the completion of the sale, the director now owns 7,256 shares of the company’s stock, valued at $631,489.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeremy Rossen sold 2,617 shares of J2 Global stock in a transaction on Monday, August 19th. The stock was sold at an average price of $83.50, for a total value of $218,519.50. Following the completion of the sale, the vice president now directly owns 32,440 shares of the company’s stock, valued at approximately $2,708,740. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in shares of J2 Global by 6.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 942,566 shares of the technology company’s stock worth $65,395,000 after purchasing an additional 53,199 shares during the period. Geode Capital Management LLC increased its holdings in J2 Global by 8.3% during the fourth quarter. Geode Capital Management LLC now owns 566,652 shares of the technology company’s stock valued at $39,314,000 after buying an additional 43,571 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in J2 Global in the first quarter worth approximately $220,000. Texas Permanent School Fund raised its position in J2 Global by 2.6% in the first quarter. Texas Permanent School Fund now owns 31,449 shares of the technology company’s stock worth $2,723,000 after acquiring an additional 808 shares during the period. Finally, South Dakota Investment Council purchased a new position in shares of J2 Global during the 1st quarter worth $775,000.

J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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