j2 Global, Inc. (JCOM) Receives Consensus Recommendation of “Hold” from Analysts
Shares of j2 Global, Inc. (NASDAQ:JCOM) have been assigned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $101.75.
A number of analysts have issued reports on the stock. BidaskClub cut shares of j2 Global from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. ValuEngine lowered shares of j2 Global from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Citigroup Inc. dropped their price target on shares of j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, August 7th. Robert W. Baird restated a “buy” rating and set a $94.00 price target on shares of j2 Global in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of j2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th.
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Shares of j2 Global (NASDAQ JCOM) opened at 74.37 on Wednesday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 24.91 and a beta of 0.94. The stock has a 50 day moving average of $73.92 and a 200 day moving average of $81.91. j2 Global has a 52-week low of $62.55 and a 52-week high of $91.48.
j2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). The firm had revenue of $273.20 million for the quarter, compared to analyst estimates of $271.89 million. j2 Global had a net margin of 14.74% and a return on equity of 26.62%. The firm’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Equities analysts predict that j2 Global will post $5.76 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in shares of j2 Global by 14.8% during the 1st quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock worth $121,000 after buying an additional 186 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in j2 Global by 15.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock valued at $150,000 after buying an additional 241 shares during the last quarter. First Mercantile Trust Co. grew its stake in j2 Global by 1.9% in the 2nd quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock valued at $183,000 after buying an additional 40 shares during the last quarter. Highbridge Capital Management LLC bought a new position in j2 Global in the 1st quarter worth $206,000. Finally, Advisor Group Inc. raised its holdings in j2 Global by 1.7% in the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after acquiring an additional 43 shares during the period.
About j2 Global
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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