j2 Global VP Sells $62,598 in Stock (JCOM)
j2 Global (NASDAQ:JCOM) VP Jeffrey Daniel Adelman sold 1,225 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $51.10, for a total value of $62,597.50. Following the completion of the sale, the vice president now directly owns 28,591 shares in the company, valued at approximately $1,461,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of j2 Global (NASDAQ:JCOM) traded up 2.22% on Monday, hitting $52.53. 363,622 shares of the company’s stock traded hands. j2 Global has a 52-week low of $41.09 and a 52-week high of $56.24. The stock’s 50-day moving average is $49.9 and its 200-day moving average is $48.54. The company has a market cap of $2.456 billion and a P/E ratio of 21.84.
j2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 by $0.02. The company had revenue of $144.70 million for the quarter, compared to the consensus estimate of $143.40 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that j2 Global will post $3.35 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, August 14th. This is a boost from j2 Global’s previous quarterly dividend of $0.27.
Separately, analysts at Northland Securities raised their price target on shares of j2 Global from $52.00 to $56.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock.
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises.
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