J2 Global Inc (NASDAQ:JCOM) – Analysts at Piper Jaffray Companies issued their FY2019 earnings estimates for J2 Global in a research note issued on Monday, November 18th. Piper Jaffray Companies analyst J. Fish anticipates that the technology company will post earnings per share of $6.68 for the year. Piper Jaffray Companies has a “Overweight” rating and a $114.00 price objective on the stock. Piper Jaffray Companies also issued estimates for J2 Global’s Q4 2019 earnings at $2.27 EPS, Q1 2020 earnings at $1.42 EPS, Q2 2020 earnings at $1.61 EPS, Q3 2020 earnings at $1.76 EPS, Q4 2020 earnings at $2.43 EPS, FY2020 earnings at $7.27 EPS, Q1 2021 earnings at $1.51 EPS, Q2 2021 earnings at $1.72 EPS, Q3 2021 earnings at $1.88 EPS and FY2021 earnings at $7.82 EPS.
JCOM has been the subject of several other research reports. JMP Securities reissued a “market outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of J2 Global in a research note on Thursday, October 3rd. Zacks Investment Research cut J2 Global from a “buy” rating to a “hold” rating and set a $103.00 target price for the company. in a research note on Wednesday, November 6th. ValuEngine cut J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. BidaskClub raised J2 Global from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Finally, Wedbush reaffirmed an “outperform” rating on shares of J2 Global in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. J2 Global currently has a consensus rating of “Buy” and a consensus price target of $107.14.
J2 Global (NASDAQ:JCOM) last posted its earnings results on Thursday, October 31st. The technology company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.12. The company had revenue of $344.14 million during the quarter, compared to analysts’ expectations of $332.47 million. J2 Global had a return on equity of 29.54% and a net margin of 11.15%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 earnings per share.
In other news, Director W Brian Kretzmer sold 1,800 shares of J2 Global stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $87.03, for a total value of $156,654.00. Following the completion of the sale, the director now directly owns 7,256 shares of the company’s stock, valued at $631,489.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jon Miller sold 20,000 shares of J2 Global stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $98.57, for a total value of $1,971,400.00. Following the completion of the sale, the director now directly owns 161,832 shares of the company’s stock, valued at $15,951,780.24. The disclosure for this sale can be found here. Insiders sold 40,198 shares of company stock valued at $3,927,378 over the last ninety days. Insiders own 5.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. purchased a new position in J2 Global in the second quarter valued at $27,000. Whittier Trust Co. boosted its holdings in J2 Global by 78.9% in the third quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Flagship Harbor Advisors LLC boosted its holdings in J2 Global by 263.0% in the third quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock valued at $32,000 after purchasing an additional 263 shares during the period. Truvestments Capital LLC boosted its holdings in J2 Global by 258.9% in the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after purchasing an additional 290 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in J2 Global in the second quarter valued at $44,000.
About J2 Global
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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