j2 Global VP Jeffrey Daniel Adelman Sells 1,635 Shares (JCOM)
j2 Global (NASDAQ:JCOM) VP Jeffrey Daniel Adelman sold 1,635 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $53.24, for a total transaction of $87,047.40. Following the transaction, the vice president now directly owns 25,991 shares of the company’s stock, valued at approximately $1,383,761. The sale was disclosed in a legal filing 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 52 week low of $41.09 and a 52 week high of $56.24. The stock’s 50-day moving average is $50.39 and its 200-day moving average is $48.7. The company has a market cap of $2.555 billion and a P/E ratio of 22.70.
j2 Global (NASDAQ:JCOM) last announced its earnings results 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 last year, the company posted $0.83 earnings per share. j2 Global’s revenue was up 2.3% compared to the same quarter last year. 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. Stockholders 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 a boost 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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