j2 Global (NASDAQ:JCOM) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also weighed in on JCOM. Zacks Investment Research lowered j2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Robert W. Baird reissued a “buy” rating and set a $94.00 price objective on shares of j2 Global in a research note on Friday, September 1st. Finally, ValuEngine lowered j2 Global from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $101.75.
j2 Global (NASDAQ:JCOM) traded down $1.65 during midday trading on Thursday, reaching $73.21. The company’s stock had a trading volume of 380,039 shares, compared to its average volume of 298,785. The firm has a market capitalization of $3,623.89, a price-to-earnings ratio of 14.59 and a beta of 0.87. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.79 and a quick ratio of 2.79. j2 Global has a one year low of $71.09 and a one year high of $91.48.
In other j2 Global news, VP Jeremy Rossen sold 2,514 shares of j2 Global stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $74.05, for a total value of $186,161.70. Following the sale, the vice president now owns 26,372 shares in the company, valued at $1,952,846.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.15% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank raised 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 purchasing an additional 241 shares during the period. First Mercantile Trust Co. raised 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 purchasing an additional 40 shares during the period. Advisor Group Inc. raised 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 purchasing an additional 43 shares during the period. World Asset Management Inc raised its position in j2 Global by 2.0% in the second quarter. World Asset Management Inc now owns 3,025 shares of the technology company’s stock valued at $257,000 after purchasing an additional 59 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in j2 Global in the third quarter valued at $229,000.
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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