W Brian Kretzmer Sells 1,800 Shares of J2 Global Inc (NASDAQ:JCOM) Stock

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.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. bought a new position in J2 Global during the second quarter worth about $27,000. Tortoise Index Solutions LLC bought a new position in shares of J2 Global during the first quarter valued at $28,000. Truvestments Capital LLC lifted its holdings in shares of J2 Global by 258.9% during the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after acquiring an additional 290 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of J2 Global in the 2nd quarter valued at $44,000. Finally, Quantamental Technologies LLC acquired a new stake in shares of J2 Global in the 2nd quarter valued at $50,000.

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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