J2 Global (JCOM) Raised to Hold at BidaskClub

BidaskClub upgraded shares of J2 Global (NASDAQ:JCOM) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

JCOM has been the subject of a number of other reports. Robert W. Baird reaffirmed a buy rating and issued a $92.00 price objective on shares of J2 Global in a research note on Monday, August 13th. ValuEngine cut J2 Global from a hold rating to a sell rating in a research note on Friday, October 12th. Wedbush assumed coverage on J2 Global in a research note on Thursday, October 18th. They issued an outperform rating and a $95.00 price objective for the company. Finally, Citigroup dropped their price objective on J2 Global from $88.00 to $86.00 and set a neutral rating for the company in a research note on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $93.25.

JCOM stock traded down $1.03 during midday trading on Wednesday, hitting $72.33. 390,450 shares of the company’s stock were exchanged, compared to its average volume of 369,371. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.98. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 13.36, a price-to-earnings-growth ratio of 1.58 and a beta of 0.89. J2 Global has a 1-year low of $70.27 and a 1-year high of $91.58.



J2 Global (NASDAQ:JCOM) last posted its earnings results on Thursday, August 9th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.06. J2 Global had a return on equity of 26.39% and a net margin of 11.19%. The company had revenue of $287.89 million during the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter last year, the firm earned $1.33 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that J2 Global will post 5.79 EPS for the current year.

In related news, insider Steve P. Dunn sold 1,052 shares of J2 Global stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $83.90, for a total value of $88,262.80. Following the completion of the transaction, the insider now directly owns 18,416 shares in the company, valued at $1,545,102.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.43, for a total value of $244,290.00. Following the completion of the transaction, the chief executive officer now owns 723,830 shares of the company’s stock, valued at $58,941,476.90. The disclosure for this sale can be found here. Insiders sold 12,509 shares of company stock valued at $996,327 over the last ninety days. Insiders own 5.15% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Fort L.P. purchased a new position in J2 Global in the second quarter valued at $120,000. Advisors Asset Management Inc. boosted its holdings in J2 Global by 1,169.0% in the second quarter. Advisors Asset Management Inc. now owns 27,728 shares of the technology company’s stock valued at $175,000 after purchasing an additional 25,543 shares during the period. Itau Unibanco Holding S.A. purchased a new position in J2 Global in the second quarter valued at $194,000. World Asset Management Inc purchased a new position in J2 Global in the second quarter valued at $208,000. Finally, West Branch Capital LLC purchased a new position in J2 Global in the second quarter valued at $285,000. Hedge funds and other institutional investors own 99.66% of the company’s stock.

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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Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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