J2 Global Inc (NASDAQ:JCOM) insider R Scott Turicchi sold 20,663 shares of the stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $84.65, for a total transaction of $1,749,122.95. Following the transaction, the insider now owns 246,395 shares in the company, valued at $20,857,336.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
J2 Global Inc (NASDAQ:JCOM) traded down $0.80 on Wednesday, reaching $83.13. 424,725 shares of the company were exchanged, compared to its average volume of 345,552. The firm has a market cap of $4,148.57, a P/E ratio of 15.79, a PEG ratio of 1.90 and a beta of 0.94. J2 Global Inc has a 12-month low of $70.27 and a 12-month high of $91.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.34 and a current ratio of 2.34.
J2 Global (NASDAQ:JCOM) last posted its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.09. The firm had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. analysts expect that J2 Global Inc will post 5.55 EPS for the current year.
Several research analysts have recently weighed in on JCOM shares. DA Davidson started coverage on shares of J2 Global in a report on Friday, February 2nd. They set a “buy” rating and a $95.00 price objective on the stock. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a report on Friday, March 9th. ValuEngine lowered shares of J2 Global from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, William Blair reiterated an “outperform” rating on shares of J2 Global in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. J2 Global presently has an average rating of “Buy” and an average price target of $99.50.
A number of institutional investors and hedge funds have recently bought and sold shares of JCOM. Zurcher Kantonalbank Zurich Cantonalbank increased its position in J2 Global by 47.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock worth $194,000 after purchasing an additional 831 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in J2 Global during the 4th quarter worth approximately $210,000. Wolverine Asset Management LLC acquired a new stake in J2 Global during the 4th quarter worth approximately $222,000. Zeke Capital Advisors LLC acquired a new stake in J2 Global during the 4th quarter worth approximately $224,000. Finally, Ramsey Quantitative Systems acquired a new stake in J2 Global during the 4th quarter worth approximately $245,000.
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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