Douglas Y. Bech Sells 18,398 Shares of J2 Global Inc (NASDAQ:JCOM) Stock

J2 Global Inc (NASDAQ:JCOM) Director Douglas Y. Bech sold 18,398 shares of J2 Global stock in a transaction on Monday, November 4th. The stock was sold at an average price of $97.80, for a total value of $1,799,324.40. Following the sale, the director now owns 139,347 shares of the company’s stock, valued at $13,628,136.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:JCOM opened at $100.43 on Friday. J2 Global Inc has a twelve month low of $65.07 and a twelve month high of $100.53. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 16.96 and a beta of 0.79. The stock has a fifty day simple moving average of $93.37 and a 200-day simple moving average of $88.32. The company has a current ratio of 0.84, a quick ratio of 0.94 and a debt-to-equity ratio of 1.13.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.58 by $0.12. The firm had revenue of $344.14 million for the quarter, compared to analyst estimates of $332.47 million. J2 Global had a return on equity of 29.54% and a net margin of 11.15%. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. As a group, equities research analysts predict that J2 Global Inc will post 6.65 EPS for the current fiscal year.

JCOM has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and set a $105.00 target price (up from $100.00) on shares of J2 Global in a research report on Thursday, October 3rd. Wedbush reiterated an “outperform” rating on shares of J2 Global in a research report on Monday, November 4th. BidaskClub upgraded J2 Global from a “hold” rating to a “buy” rating in a research report on Friday. ValuEngine upgraded J2 Global from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research downgraded J2 Global from a “buy” rating to a “hold” rating and set a $103.00 target price for the company. in a research report on Wednesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $106.00.

Several institutional investors have recently made changes to their positions in the company. Cardinal Capital Management increased its stake in shares of J2 Global by 1.2% during the third quarter. Cardinal Capital Management now owns 9,561 shares of the technology company’s stock valued at $868,000 after buying an additional 109 shares during the period. Whittier Trust Co. increased its stake in shares of J2 Global by 78.9% during the third quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock valued at $29,000 after buying an additional 142 shares during the period. Bridge City Capital LLC increased its stake in shares of J2 Global by 0.5% during the second quarter. Bridge City Capital LLC now owns 29,160 shares of the technology company’s stock valued at $2,592,000 after buying an additional 144 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of J2 Global by 29.6% during the third quarter. Tower Research Capital LLC TRC now owns 901 shares of the technology company’s stock valued at $82,000 after buying an additional 206 shares during the period. Finally, Flagship Harbor Advisors LLC increased its stake in shares of J2 Global by 263.0% during the third quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock valued at $32,000 after buying an additional 263 shares during the period.

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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Insider Buying and Selling by Quarter for J2 Global (NASDAQ:JCOM)

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