j2 Global (JCOM) Cut to Sell at BidaskClub

BidaskClub downgraded shares of j2 Global (NASDAQ:JCOM) from a hold rating to a sell rating in a research note released on Thursday morning.

JCOM has been the topic of a number of other reports. Zacks Investment Research upgraded shares of j2 Global from a sell rating to a hold rating in a research note on Wednesday, October 4th. Robert W. Baird reiterated a buy rating and set a $94.00 price objective on shares of j2 Global in a research note on Friday, September 1st. Finally, ValuEngine downgraded shares of j2 Global from a buy rating to a hold rating in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. j2 Global presently has an average rating of Hold and a consensus target price of $101.75.

j2 Global (JCOM) traded down $1.65 during midday trading on Thursday, reaching $73.21. j2 Global has a twelve month low of $71.09 and a twelve month high of $91.48. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 1.02. The firm has a market cap of $3,540.00, a P/E ratio of 14.27 and a beta of 0.87.

j2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). j2 Global had a net margin of 12.60% and a return on equity of 26.43%. The company had revenue of $273.60 million for the quarter, compared to the consensus estimate of $272.84 million. During the same quarter last year, the company earned $1.25 earnings per share. The company’s revenue was up 30.2% compared to the same quarter last year. analysts predict that j2 Global will post 5.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were given a $0.395 dividend. This is an increase from j2 Global’s previous quarterly dividend of $0.39. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Thursday, November 16th. j2 Global’s dividend payout ratio (DPR) is presently 58.52%.

In other news, VP Jeremy Rossen sold 2,514 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $74.05, for a total value of $186,161.70. Following the transaction, the vice president now directly owns 26,372 shares in the company, valued at approximately $1,952,846.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.15% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. lifted its position in shares of j2 Global by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,629 shares of the technology company’s stock worth $479,000 after buying an additional 15 shares during the last quarter. First Mercantile Trust Co. lifted its position in shares of j2 Global by 1.9% in the 2nd quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after buying an additional 40 shares during the last quarter. Advisor Group Inc. lifted its position in shares of j2 Global by 1.7% in the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after buying an additional 43 shares during the last quarter. World Asset Management Inc lifted its position in shares of j2 Global by 2.0% in the 2nd quarter. World Asset Management Inc now owns 3,025 shares of the technology company’s stock worth $257,000 after buying an additional 59 shares during the last quarter. Finally, Capstone Asset Management Co. increased its holdings in shares of j2 Global by 4.6% in the 2nd quarter. Capstone Asset Management Co. now owns 3,873 shares of the technology company’s stock worth $330,000 after acquiring an additional 170 shares during the period.

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j2 Global Company Profile

j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).

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