J2 Global (NASDAQ:JCOM) had its price objective upped by stock analysts at Robert W. Baird from $94.00 to $95.00 in a research note issued to investors on Wednesday, February 7th. The firm currently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price would suggest a potential upside of 27.81% from the stock’s current price.
A number of other equities analysts also recently weighed in on JCOM. DA Davidson began coverage on J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 target price on the stock. ValuEngine upgraded J2 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. BidaskClub downgraded J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $99.50.
J2 Global (NASDAQ JCOM) traded up $1.06 during mid-day trading on Wednesday, reaching $74.33. The company’s stock had a trading volume of 326,300 shares, compared to its average volume of 337,733. The firm has a market cap of $3,546.92, a P/E ratio of 26.27, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.79. J2 Global has a fifty-two week low of $70.27 and a fifty-two week high of $91.48.
J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.09. The business had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.49 EPS. equities research analysts expect that J2 Global will post 5.55 earnings per share for the current year.
In related news, CEO Vivek Shah sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total value of $232,890.00. Following the transaction, the chief executive officer now owns 748,232 shares in the company, valued at $58,085,250.16. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.15% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Koch Industries Inc. increased its holdings in shares of J2 Global by 15,945.3% in the second quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock worth $825,000 after purchasing an additional 829,954 shares during the period. Janus Henderson Group PLC increased its holdings in shares of J2 Global by 283.8% in the second quarter. Janus Henderson Group PLC now owns 831,287 shares of the technology company’s stock worth $70,734,000 after purchasing an additional 614,707 shares during the period. Principal Financial Group Inc. increased its holdings in shares of J2 Global by 14.0% in the third quarter. Principal Financial Group Inc. now owns 1,475,529 shares of the technology company’s stock worth $109,013,000 after purchasing an additional 181,704 shares during the period. First Trust Advisors LP increased its holdings in shares of J2 Global by 14.7% in the fourth quarter. First Trust Advisors LP now owns 1,343,863 shares of the technology company’s stock worth $100,830,000 after purchasing an additional 172,539 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of J2 Global by 30.5% in the fourth quarter. Lazard Asset Management LLC now owns 584,881 shares of the technology company’s stock worth $43,883,000 after purchasing an additional 136,589 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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