Separately, Sidoti boosted their price objective on J2 Global from $110.00 to $116.00 and gave the stock a buy rating in a research note on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. J2 Global presently has an average rating of Buy and an average target price of $105.00.
J2 Global stock opened at $89.21 on Friday. The company’s 50-day moving average price is $84.90 and its 200-day moving average price is $86.40. J2 Global has a twelve month low of $65.07 and a twelve month high of $92.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.09. The company has a market cap of $4.36 billion, a PE ratio of 15.07 and a beta of 0.82.
J2 Global (NASDAQ:JCOM) last announced its earnings results on Tuesday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The firm had revenue of $322.43 million for the quarter, compared to analysts’ expectations of $320.25 million. During the same period in the prior year, the company earned $1.50 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that J2 Global will post 6.63 earnings per share for the current fiscal year.
In related news, VP Jeremy Rossen sold 2,617 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $83.50, for a total transaction of $218,519.50. Following the transaction, the vice president now directly owns 32,440 shares in the company, valued at approximately $2,708,740. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Brian Kretzmer sold 1,800 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $87.03, for a total transaction of $156,654.00. Following the completion of the sale, the director now directly owns 7,256 shares in the company, valued at $631,489.68. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in JCOM. Seizert Capital Partners LLC purchased a new stake in shares of J2 Global in the first quarter worth approximately $1,305,000. Martingale Asset Management L P grew its holdings in shares of J2 Global by 12.5% in the first quarter. Martingale Asset Management L P now owns 110,038 shares of the technology company’s stock worth $9,531,000 after purchasing an additional 12,200 shares during the last quarter. Yorktown Management & Research Co Inc purchased a new position in J2 Global in the 1st quarter worth about $208,000. Hillsdale Investment Management Inc. purchased a new position in J2 Global in the 2nd quarter worth about $809,000. Finally, Rothschild & Co. Asset Management US Inc. lifted its holdings in J2 Global by 4.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 456,702 shares of the technology company’s stock valued at $40,596,000 after buying an additional 17,374 shares in the last quarter.
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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