J2 Global (NASDAQ:JCOM) Downgraded to “Sell” at ValuEngine

ValuEngine downgraded shares of J2 Global (NASDAQ:JCOM) from a hold rating to a sell rating in a research note released on Thursday morning, ValuEngine reports.

Several other brokerages have also recently weighed in on JCOM. BidaskClub upgraded J2 Global from a hold rating to a buy rating in a research report on Friday, November 8th. Wedbush reiterated an outperform rating on shares of J2 Global in a research report on Monday, November 4th. Sidoti set a $118.00 price target on J2 Global and gave the company a buy rating in a research report on Friday, November 1st. JMP Securities reiterated a market outperform rating and set a $105.00 price target (up from $100.00) on shares of J2 Global in a research report on Thursday, October 3rd. Finally, Zacks Investment Research cut J2 Global from a buy rating to a hold rating and set a $103.00 price target on the stock. in a research report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $106.00.

Shares of JCOM traded up $1.14 during midday trading on Thursday, hitting $95.88. 330,000 shares of the company traded hands, compared to its average volume of 376,708. The stock has a 50-day moving average of $94.20 and a 200-day moving average of $88.58. J2 Global has a one year low of $65.07 and a one year high of $100.87. The firm has a market cap of $4.61 billion, a P/E ratio of 16.20 and a beta of 0.79. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.94.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.12. J2 Global had a return on equity of 29.54% and a net margin of 11.15%. The firm had revenue of $344.14 million for the quarter, compared to analysts’ expectations of $332.47 million. During the same period in the prior year, the business posted $1.53 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. Sell-side analysts forecast that J2 Global will post 6.65 EPS for the current fiscal year.

In related news, Director W Brian Kretzmer sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $87.03, for a total value of $156,654.00. Following the transaction, the director now directly owns 7,256 shares in the company, valued at $631,489.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jeremy Rossen sold 2,617 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $83.50, for a total transaction of $218,519.50. Following the completion of the transaction, the vice president now owns 32,440 shares in the company, valued at $2,708,740. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,815 shares of company stock worth $4,145,898. 5.90% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. bought a new position in shares of J2 Global in the second quarter worth approximately $27,000. Whittier Trust Co. boosted its stake in J2 Global by 78.9% in the third quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock worth $29,000 after buying an additional 142 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in J2 Global by 263.0% in the third quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock worth $32,000 after buying an additional 263 shares in the last quarter. Truvestments Capital LLC boosted its stake in J2 Global by 258.9% in the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock worth $36,000 after buying an additional 290 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in J2 Global in the second quarter worth approximately $44,000.

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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Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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