BidaskClub upgraded shares of J2 Global (NASDAQ:JCOM) from a buy rating to a strong-buy rating in a report issued on Friday morning, BidAskClub reports.
JCOM has been the topic of several other reports. Piper Jaffray Companies began coverage on shares of J2 Global in a research note on Wednesday, November 27th. They issued an overweight rating on the stock. DA Davidson lifted their target price on shares of J2 Global from $110.00 to $115.00 and gave the stock a buy rating in a research note on Wednesday, January 8th. Zacks Investment Research downgraded shares of J2 Global from a buy rating to a hold rating and set a $103.00 target price on the stock. in a research note on Wednesday, November 6th. ValuEngine downgraded shares of J2 Global from a hold rating to a sell rating in a research note on Thursday, November 14th. Finally, JMP Securities reaffirmed a market outperform rating and issued a $105.00 target price (up from $100.00) on shares of J2 Global in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $107.86.
JCOM stock opened at $102.42 on Friday. The company has a market capitalization of $4.99 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 1.80 and a beta of 0.78. J2 Global has a one year low of $71.15 and a one year high of $103.84. The company’s 50 day moving average price is $96.10 and its two-hundred day moving average price is $91.83. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.84 and a current ratio of 0.84.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. The firm had revenue of $344.14 million for the quarter, compared to the consensus estimate of $332.47 million. J2 Global had a net margin of 11.15% and a return on equity of 29.54%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $1.53 earnings per share. On average, research analysts predict that J2 Global will post 6.66 EPS for the current year.
In other news, Director Jon Miller sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $98.57, for a total transaction of $1,971,400.00. Following the completion of the sale, the director now owns 161,832 shares of the company’s stock, valued at approximately $15,951,780.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas Y. Bech sold 18,398 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $97.80, for a total transaction of $1,799,324.40. Following the sale, the director now directly owns 139,347 shares of the company’s stock, valued at approximately $13,628,136.60. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. APG Asset Management N.V. purchased a new stake in shares of J2 Global during the 2nd quarter valued at about $695,000. State of New Jersey Common Pension Fund D bought a new position in J2 Global in the 3rd quarter worth approximately $4,677,000. California Public Employees Retirement System boosted its stake in J2 Global by 19.5% in the 3rd quarter. California Public Employees Retirement System now owns 132,176 shares of the technology company’s stock worth $12,004,000 after purchasing an additional 21,555 shares during the period. Virginia Retirement Systems ET AL boosted its position in shares of J2 Global by 209.8% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 15,800 shares of the technology company’s stock valued at $1,435,000 after acquiring an additional 10,700 shares during the last quarter. Finally, Congress Asset Management Co. MA boosted its position in shares of J2 Global by 1.9% during the 3rd quarter. Congress Asset Management Co. MA now owns 54,111 shares of the technology company’s stock valued at $4,914,000 after acquiring an additional 1,013 shares during the last quarter.
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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