Shares of j2 Global, Inc. (NASDAQ:JCOM) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $101.75.

JCOM has been the subject of several recent research reports. BidaskClub upgraded j2 Global from a “hold” rating to a “buy” rating in a research report on Saturday, June 24th. Robert W. Baird reissued a “buy” rating and issued a $94.00 price objective on shares of j2 Global in a report on Friday, September 1st. ValuEngine lowered j2 Global from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Citigroup Inc. dropped their price objective on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, August 7th. Finally, Zacks Investment Research lowered j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.

In other j2 Global news, Director Douglas Y. Bech sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $85.86, for a total value of $1,287,900.00. Following the sale, the director now directly owns 123,966 shares of the company’s stock, valued at $10,643,720.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.15% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in j2 Global by 19.9% in the second quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock valued at $515,222,000 after purchasing an additional 1,004,664 shares during the period. BlackRock Inc. boosted its stake in shares of j2 Global by 21,973.5% in the first quarter. BlackRock Inc. now owns 4,838,726 shares of the technology company’s stock worth $406,018,000 after acquiring an additional 4,816,805 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of j2 Global by 3.3% in the second quarter. Vanguard Group Inc. now owns 3,904,633 shares of the technology company’s stock worth $332,246,000 after acquiring an additional 123,030 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of j2 Global by 20.0% in the second quarter. William Blair Investment Management LLC now owns 3,114,743 shares of the technology company’s stock worth $265,033,000 after acquiring an additional 518,998 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of 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 acquiring an additional 71,785 shares during the last quarter.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/09/j2-global-inc-jcom-receives-average-rating-of-hold-from-brokerages.html.

j2 Global (NASDAQ:JCOM) opened at 73.68 on Friday. The company’s 50 day moving average price is $77.08 and its 200-day moving average price is $83.05. j2 Global has a 52 week low of $62.55 and a 52 week high of $91.48. The company has a market capitalization of $3.56 billion, a P/E ratio of 24.68 and a beta of 0.97.

j2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by $0.06. The company had revenue of $273.20 million for the quarter, compared to analysts’ expectations of $271.89 million. j2 Global had a net margin of 14.74% and a return on equity of 26.62%. The firm’s revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. Equities research analysts expect that j2 Global will post $5.76 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a $0.385 dividend. This is a positive change from j2 Global’s previous quarterly dividend of $0.38. This represents a $1.54 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, August 10th. j2 Global’s dividend payout ratio (DPR) is presently 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).

Receive News & Ratings for j2 Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for j2 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.