J2 Global (JCOM) Stock Rating Lowered by BidaskClub

J2 Global (NASDAQ:JCOM) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

JCOM has been the topic of several other reports. William Blair restated an “outperform” rating on shares of J2 Global in a research report on Tuesday, March 27th. DA Davidson lifted their target price on J2 Global to $100.00 and gave the stock a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research lowered J2 Global from a “hold” rating to a “strong sell” rating in a report on Monday, February 12th. Robert W. Baird lifted their target price on J2 Global from $94.00 to $95.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, ValuEngine lowered J2 Global from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. J2 Global presently has a consensus rating of “Buy” and an average price target of $94.33.

J2 Global opened at $86.83 on Thursday, Marketbeat.com reports. J2 Global has a 12-month low of $85.70 and a 12-month high of $86.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.22 and a current ratio of 2.22. The firm has a market capitalization of $4.20 billion, a PE ratio of 16.05, a P/E/G ratio of 1.91 and a beta of 0.84.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Monday, May 7th. The technology company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.02. J2 Global had a return on equity of 26.09% and a net margin of 11.58%. The business had revenue of $280.62 million for the quarter, compared to analyst estimates of $274.66 million. During the same period last year, the company earned $0.41 EPS. analysts forecast that J2 Global will post 5.59 EPS for the current fiscal year.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $82.90, for a total transaction of $248,700.00. Following the transaction, the chief executive officer now directly owns 742,232 shares in the company, valued at $61,531,032.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Steve P. Dunn sold 2,911 shares of J2 Global stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $87.36, for a total value of $254,304.96. Following the transaction, the insider now owns 23,412 shares in the company, valued at $2,045,272.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,220 shares of company stock worth $5,176,829. Corporate insiders own 5.15% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JCOM. First Trust Advisors LP raised its stake in shares of J2 Global by 14.7% in the 4th quarter. First Trust Advisors LP now owns 1,343,863 shares of the technology company’s stock valued at $100,830,000 after purchasing an additional 172,539 shares during the period. Glenmede Trust Co. NA raised its stake in shares of J2 Global by 30.0% in the 4th quarter. Glenmede Trust Co. NA now owns 696,435 shares of the technology company’s stock valued at $52,251,000 after purchasing an additional 160,917 shares during the period. Lazard Asset Management LLC raised its stake in shares of J2 Global by 30.5% in the 4th quarter. Lazard Asset Management LLC now owns 584,881 shares of the technology company’s stock valued at $43,883,000 after purchasing an additional 136,589 shares during the period. Guggenheim Capital LLC raised its stake in shares of J2 Global by 228.2% in the 4th quarter. Guggenheim Capital LLC now owns 187,471 shares of the technology company’s stock valued at $14,067,000 after purchasing an additional 130,353 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of J2 Global by 13.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 980,158 shares of the technology company’s stock valued at $77,354,000 after purchasing an additional 112,671 shares during the period.

About J2 Global

j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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