j2 Global CEO Unloads $614,287 in Stock (JCOM)
j2 Global (NASDAQ:JCOM) CEO Nehemia Zucker sold 11,467 shares of j2 Global stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $53.57, for a total transaction of $614,287.19. Following the completion of the sale, the chief executive officer now directly owns 160,850 shares of the company’s stock, valued at approximately $8,616,735. 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.
Shares of j2 Global (NASDAQ:JCOM) traded down 0.13% on Tuesday, hitting $53.45. The stock had a trading volume of 243,283 shares. j2 Global has a 52 week low of $41.09 and a 52 week high of $56.24. The stock has a 50-day moving average of $50.39 and a 200-day moving average of $48.7. The company has a market cap of $2.551 billion and a P/E ratio of 22.75.
j2 Global (NASDAQ:JCOM) last released its earnings data 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 declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders 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 positive change 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.