J2 Global Inc (NASDAQ:JCOM) Director W Brian Kretzmer sold 1,800 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $87.03, for a total transaction of $156,654.00. Following the completion of the sale, the director now owns 7,256 shares of the company’s stock, valued at approximately $631,489.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
JCOM traded up $1.22 during trading on Monday, reaching $89.06. 296,998 shares of the company’s stock were exchanged, compared to its average volume of 358,526. J2 Global Inc has a fifty-two week low of $65.07 and a fifty-two week high of $92.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The business has a 50 day moving average price of $84.91 and a 200 day moving average price of $86.38. The company has a market capitalization of $4.29 billion, a P/E ratio of 15.04 and a beta of 0.82.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. The company had revenue of $322.43 million during the quarter, compared to analysts’ expectations of $320.25 million. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.50 EPS. As a group, research analysts forecast that J2 Global Inc will post 6.63 EPS for the current year.
Several brokerages recently issued reports on JCOM. Sidoti boosted their price target on J2 Global from $110.00 to $116.00 and gave the company a “buy” rating in a research note on Friday. BidaskClub raised J2 Global from a “sell” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. J2 Global has a consensus rating of “Buy” and an average price target of $105.00.
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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