A number of other equities research analysts also recently weighed in on JCOM. DA Davidson raised their price objective on J2 Global from $110.00 to $115.00 and gave the company a buy rating in a research report on Wednesday, January 8th. Wedbush reaffirmed an outperform rating on shares of J2 Global in a research report on Monday, November 4th. ValuEngine downgraded J2 Global from a hold rating to a sell rating in a report on Thursday, November 14th. Piper Jaffray Companies began coverage on J2 Global in a report on Wednesday, November 27th. They issued an overweight rating for the company. Finally, Sidoti set a $118.00 price target on J2 Global and gave the stock a buy rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $107.86.
Shares of JCOM stock opened at $102.42 on Friday. J2 Global has a 1-year low of $71.15 and a 1-year high of $103.84. The stock’s 50-day moving average is $96.10 and its 200 day moving average is $91.83. The company has a market cap of $4.99 billion, a P/E ratio of 34.48, a PEG ratio of 1.80 and a beta of 0.78. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.84.
In other news, Director Douglas Y. Bech sold 18,398 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $97.80, for a total value of $1,799,324.40. Following the completion of the transaction, the director now directly owns 139,347 shares in the company, valued at $13,628,136.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jon Miller sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $98.57, for a total value of $1,971,400.00. Following the completion of the transaction, the director now owns 161,832 shares of the company’s stock, valued at $15,951,780.24. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. Nuveen Asset Management LLC raised its position in J2 Global by 8,400.2% during the second quarter. Nuveen Asset Management LLC now owns 458,928 shares of the technology company’s stock valued at $40,794,000 after acquiring an additional 453,529 shares in the last quarter. Schroder Investment Management Group increased its position in shares of J2 Global by 1,518.1% in the second quarter. Schroder Investment Management Group now owns 121,360 shares of the technology company’s stock valued at $10,788,000 after buying an additional 113,860 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of J2 Global by 33.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 272,508 shares of the technology company’s stock valued at $24,223,000 after buying an additional 68,164 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in shares of J2 Global in the third quarter valued at approximately $4,677,000. Finally, AQR Capital Management LLC increased its position in shares of J2 Global by 5.6% in the second quarter. AQR Capital Management LLC now owns 920,423 shares of the technology company’s stock valued at $80,647,000 after buying an additional 48,701 shares in the last quarter.
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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