j2 Global, Inc. (JCOM) Given Average Rating of “Hold” by Analysts
j2 Global, Inc. (NASDAQ:JCOM) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $101.75.
A number of research analysts recently commented on the company. BidaskClub cut j2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine upgraded j2 Global from a “hold” rating to a “buy” rating in a research report on Wednesday, October 11th. Citigroup Inc. decreased 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. Zacks Investment Research cut j2 Global from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, Robert W. Baird restated a “buy” rating and issued a $94.00 price target on shares of j2 Global in a research report on Friday, September 1st.
Shares of j2 Global (NASDAQ:JCOM) opened at 73.37 on Friday. j2 Global has a 52 week low of $66.58 and a 52 week high of $91.48. The firm has a market cap of $3.55 billion, a P/E ratio of 24.58 and a beta of 0.94. The stock has a 50 day moving average of $74.75 and a 200 day moving average of $80.91.
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 Zacks’ consensus estimate of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The company had revenue of $273.20 million during the quarter, compared to the consensus estimate of $271.89 million. During the same quarter in the previous year, the business posted $1.21 EPS. The firm’s revenue for the quarter was up 29.0% on a year-over-year basis. Analysts anticipate that j2 Global will post $5.75 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in JCOM. Zurcher Kantonalbank Zurich Cantonalbank grew its position in j2 Global by 15.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock valued at $150,000 after acquiring an additional 241 shares during the last quarter. First Mercantile Trust Co. grew its position in j2 Global by 1.9% in the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock valued at $183,000 after acquiring an additional 40 shares during the last quarter. Advisor Group Inc. grew its position in j2 Global by 1.7% in the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after acquiring an additional 43 shares during the last quarter. Highbridge Capital Management LLC bought a new position in j2 Global in the first quarter valued at about $206,000. Finally, Oppenheimer Asset Management Inc. bought a new position in j2 Global in the first quarter valued at about $215,000.
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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