BidaskClub Downgrades J2 Global (JCOM) to Buy

J2 Global (NASDAQ:JCOM) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Thursday.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of J2 Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 12th. William Blair reiterated an “outperform” rating on shares of J2 Global in a research note on Wednesday, February 7th. Robert W. Baird raised their price target on shares of J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. ValuEngine downgraded shares of J2 Global from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, DA Davidson began coverage on shares of J2 Global in a report on Friday, February 2nd. They issued a “buy” rating and a $95.00 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $94.33.

J2 Global stock opened at $86.14 on Thursday. J2 Global has a 1-year low of $70.27 and a 1-year high of $90.90. The company has a market capitalization of $4.23 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 1.93 and a beta of 0.84. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.97.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Monday, May 7th. The technology company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.02. J2 Global had a net margin of 11.58% and a return on equity of 26.09%. The business had revenue of $280.62 million during the quarter, compared to analyst estimates of $274.66 million. During the same period in the previous year, the business earned $0.41 EPS. sell-side analysts forecast that J2 Global will post 5.59 EPS for the current year.

In other J2 Global news, Director Robert J. Cresci sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 11th. The shares were sold at an average price of $78.85, for a total value of $788,500.00. Following the completion of the transaction, the director now directly owns 85,569 shares of the company’s stock, valued at approximately $6,747,115.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider R Scott Turicchi sold 20,663 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $84.65, for a total transaction of $1,749,122.95. Following the completion of the transaction, the insider now directly owns 246,395 shares of the company’s stock, valued at $20,857,336.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,220 shares of company stock valued at $5,176,829. Insiders own 5.15% of the company’s stock.

A number of large investors have recently made changes to their positions in JCOM. Schwab Charles Investment Management Inc. boosted its holdings in J2 Global by 4.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 381,025 shares of the technology company’s stock valued at $28,589,000 after purchasing an additional 14,500 shares during the period. Smith Graham & Co. Investment Advisors LP lifted its holdings in shares of J2 Global by 2.0% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 95,891 shares of the technology company’s stock worth $7,195,000 after acquiring an additional 1,850 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in shares of J2 Global by 21.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 341,550 shares of the technology company’s stock worth $25,626,000 after acquiring an additional 60,096 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of J2 Global by 180.2% during the 4th quarter. SG Americas Securities LLC now owns 19,501 shares of the technology company’s stock worth $1,463,000 after acquiring an additional 12,542 shares during the last quarter. Finally, Congress Asset Management Co. MA lifted its holdings in shares of J2 Global by 66.7% during the 4th quarter. Congress Asset Management Co. MA now owns 45,209 shares of the technology company’s stock worth $3,392,000 after acquiring an additional 18,092 shares during the last quarter.

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.

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