J2 Global Inc (NASDAQ:JCOM) saw some unusual options trading activity on Tuesday. Stock traders bought 2,592 call options on the company. This represents an increase of approximately 1,480% compared to the typical volume of 164 call options.
A number of research analysts have issued reports on JCOM shares. ValuEngine lowered J2 Global from a “hold” rating to a “sell” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. reduced their price target on J2 Global from $105.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Barclays initiated coverage on shares of J2 Global in a research report on Thursday, April 2nd. They issued an “equal weight” rating and a $84.00 price objective for the company. Royal Bank of Canada initiated coverage on shares of J2 Global in a research report on Tuesday, March 17th. They issued a “sector perform” rating and a $83.00 price target for the company. Finally, JMP Securities reduced their price target on shares of J2 Global from $105.00 to $98.00 and set a “market outperform” rating for the company in a research report on Wednesday, May 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $101.33.
A number of large investors have recently bought and sold shares of JCOM. Janus Henderson Group PLC raised its holdings in J2 Global by 122.2% in the 4th quarter. Janus Henderson Group PLC now owns 1,703,669 shares of the technology company’s stock valued at $159,651,000 after acquiring an additional 936,975 shares during the last quarter. Norges Bank acquired a new position in shares of J2 Global in the 4th quarter valued at approximately $51,678,000. ArrowMark Colorado Holdings LLC boosted its position in J2 Global by 18.5% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,273,397 shares of the technology company’s stock worth $213,040,000 after acquiring an additional 355,483 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of J2 Global during the 1st quarter worth approximately $14,583,000. Finally, Ziegler Capital Management LLC bought a new stake in shares of J2 Global during the 1st quarter worth approximately $12,518,000.
NASDAQ:JCOM traded down $6.17 on Tuesday, hitting $63.33. 93,325 shares of the stock were exchanged, compared to its average volume of 738,689. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.34 and a beta of 0.73. J2 Global has a 52 week low of $58.00 and a 52 week high of $104.57. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.12 and a current ratio of 2.12. The company’s 50-day moving average price is $75.98 and its 200 day moving average price is $84.17.
J2 Global (NASDAQ:JCOM) last announced its earnings results on Monday, May 11th. The technology company reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.05. J2 Global had a return on equity of 27.28% and a net margin of 12.81%. The company had revenue of $332.40 million for the quarter, compared to analysts’ expectations of $331.36 million. During the same period last year, the firm earned $1.40 EPS. J2 Global’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts predict that J2 Global will post 6.45 earnings per share for the current year.
About J2 Global
j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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