J2 Global Inc (JCOM) Given Average Recommendation of “Hold” by Analysts
Shares of J2 Global Inc (NASDAQ:JCOM) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $101.00.
Several brokerages have commented on JCOM. BidaskClub downgraded J2 Global from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 9th. Zacks Investment Research downgraded J2 Global from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Citigroup Inc. dropped their price target on J2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $120.00 price target (up from $95.00) on shares of J2 Global in a research report on Tuesday, May 9th.
In other news, Director W Brian Kretzmer sold 1,336 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $86.20, for a total transaction of $115,163.20. Following the sale, the director now directly owns 11,607 shares in the company, valued at $1,000,523.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Douglas Y. Bech sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $85.86, for a total value of $1,287,900.00. Following the sale, the director now owns 123,966 shares in the company, valued at $10,643,720.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,664 shares of company stock worth $1,688,040. 5.15% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in JCOM. State Street Corp boosted its stake in J2 Global by 4.5% in the second quarter. State Street Corp now owns 1,675,239 shares of the technology company’s stock worth $142,548,000 after buying an additional 71,785 shares in the last quarter. Janus Henderson Group PLC boosted its stake in J2 Global by 283.8% in the second quarter. Janus Henderson Group PLC now owns 831,287 shares of the technology company’s stock worth $70,734,000 after buying an additional 614,707 shares in the last quarter. S&T Bank PA boosted its stake in J2 Global by 3.0% in the second quarter. S&T Bank PA now owns 125,227 shares of the technology company’s stock worth $10,655,000 after buying an additional 3,669 shares in the last quarter. Shelton Capital Management purchased a new stake in J2 Global during the second quarter worth about $277,000. Finally, Flinton Capital Management LLC boosted its stake in J2 Global by 82.9% in the second quarter. Flinton Capital Management LLC now owns 4,726 shares of the technology company’s stock worth $402,000 after buying an additional 2,142 shares in the last quarter.
Shares of J2 Global (JCOM) opened at 74.13 on Tuesday. The firm has a market cap of $3.58 billion, a P/E ratio of 24.83 and a beta of 0.94. The stock’s 50 day moving average is $82.84 and its 200-day moving average is $84.40. J2 Global has a 52-week low of $62.55 and a 52-week high of $91.48.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by $0.06. The business had revenue of $273.20 million during the quarter, compared to the consensus estimate of $271.89 million. J2 Global had a return on equity of 26.62% and a net margin of 14.74%. The business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. Equities analysts anticipate that J2 Global will post $5.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 14th will be given a dividend of $0.385 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from J2 Global’s previous quarterly dividend of $0.38. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.08%. J2 Global’s payout ratio is currently 51.68%.
J2 Global Company Profile
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. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).
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