Robert J. Cresci Sells 12,779 Shares of J2 Global (JCOM) Stock

J2 Global (NASDAQ:JCOM) Director Robert J. Cresci sold 12,779 shares of the business’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $81.63, for a total value of $1,043,149.77. Following the completion of the sale, the director now directly owns 88,348 shares of the company’s stock, valued at approximately $7,211,847.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NASDAQ JCOM opened at $81.39 on Friday. The stock has a market capitalization of $3,984.79, a PE ratio of 15.04, a P/E/G ratio of 1.83 and a beta of 0.84. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.34. J2 Global has a 1-year low of $70.27 and a 1-year high of $91.48.

How to Become a New Pot Stock Millionaire

J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, February 6th. The technology company reported $1.79 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 analyst estimates of $319.00 million. J2 Global had a return on equity of 26.82% and a net margin of 12.47%. J2 Global’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.49 EPS. equities research analysts forecast that J2 Global will post 5.55 earnings per share for the current year.

JCOM has been the subject of a number of recent research reports. Zacks Investment Research raised J2 Global from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. DA Davidson initiated coverage on J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 target price for the company. BidaskClub raised J2 Global from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. Robert W. Baird boosted their target price on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, ValuEngine lowered J2 Global from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.50.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in J2 Global by 47.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after purchasing an additional 831 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in J2 Global during the 4th quarter valued at approximately $210,000. Wolverine Asset Management LLC bought a new position in J2 Global during the 4th quarter valued at approximately $222,000. Zeke Capital Advisors LLC bought a new position in J2 Global during the 4th quarter valued at approximately $224,000. Finally, Ramsey Quantitative Systems bought a new position in J2 Global during the 4th quarter valued at approximately $245,000.

COPYRIGHT VIOLATION WARNING: “Robert J. Cresci Sells 12,779 Shares of J2 Global (JCOM) Stock” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/22/robert-j-cresci-sells-12779-shares-of-j2-global-jcom-stock.html.

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.

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

Receive News & Ratings for J2 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J2 Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply