j2 Global CEO Unloads $697,742 in Stock (JCOM)
j2 Global (NASDAQ:JCOM) CEO Nehemia Zucker unloaded 13,020 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $53.59, for a total value of $697,741.80. Following the completion of the sale, the chief executive officer now directly owns 172,317 shares of the company’s stock, valued at approximately $9,234,468. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 (NASDAQ:JCOM) traded up 0.21% on Monday, hitting $53.52. 291,025 shares of the company’s stock traded hands. j2 Global has a 1-year low of $41.09 and a 1-year high of $56.24. The stock’s 50-day moving average is $50.33 and its 200-day moving average is $48.70. The company has a market cap of $2.555 billion and a price-to-earnings ratio of 22.70.
j2 Global (NASDAQ:JCOM) last released its earnings data on Tuesday, August 5th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter 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 declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.2775 per share. This represents a $1.11 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 14th. This is an increase from j2 Global’s previous quarterly dividend of $0.27.
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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