j2 Global, Inc. (JCOM) Raised to “Buy” at ValuEngine
j2 Global, Inc. (NASDAQ:JCOM) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
Several other brokerages also recently issued reports on JCOM. BidaskClub raised shares of j2 Global from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Citigroup Inc. reduced their price objective 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. Zacks Investment Research downgraded shares of j2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $94.00 price target on shares of j2 Global in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. j2 Global currently has a consensus rating of “Hold” and a consensus price target of $101.75.
Shares of j2 Global (NASDAQ JCOM) traded up 1.30% during midday trading on Wednesday, hitting $77.71. 498,823 shares of the stock traded hands. The company has a market capitalization of $3.76 billion, a P/E ratio of 26.03 and a beta of 0.94. The stock has a 50 day moving average of $74.22 and a 200 day moving average of $81.57. j2 Global has a 1-year low of $62.55 and a 1-year high of $91.48.
j2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.06). The firm 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 business’s quarterly revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.21 EPS. Equities research analysts predict that j2 Global will post $5.76 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. acquired a new stake in shares of j2 Global in the third quarter worth $298,000. Colony Group LLC acquired a new stake in shares of j2 Global in the second quarter worth $2,129,000. Koch Industries Inc. increased its position in shares of j2 Global by 15,945.3% in the second quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock worth $825,000 after acquiring an additional 829,954 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of j2 Global by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 18,502 shares of the technology company’s stock worth $1,574,000 after acquiring an additional 331 shares in the last quarter. Finally, Americafirst Capital Management LLC acquired a new stake in shares of j2 Global in the second quarter worth $1,408,000.
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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