Somewhat Positive Press Coverage Somewhat Unlikely to Affect J2 Global (JCOM) Stock Price

Media headlines about J2 Global (NASDAQ:JCOM) have trended somewhat positive this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. J2 Global earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.2514000006762 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:

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J2 Global stock opened at $80.93 on Tuesday. The company has a market capitalization of $3,995.09, a PE ratio of 14.96, a PEG ratio of 1.83 and a beta of 0.83. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.98. J2 Global has a fifty-two week low of $70.27 and a fifty-two week high of $91.48.

J2 Global (NASDAQ:JCOM) last released its earnings results on Tuesday, February 6th. The technology company reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.09. The business had revenue of $316.38 million for 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 firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted $1.49 earnings per share. equities research analysts predict that J2 Global will post 5.55 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on JCOM shares. DA Davidson started coverage on shares of J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 price objective on the stock. BidaskClub raised shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Friday, March 9th. ValuEngine downgraded shares of J2 Global from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of J2 Global from a “sell” rating to a “hold” rating in a research report on Wednesday, April 11th. Finally, William Blair reissued an “outperform” rating on shares of J2 Global in a research report on Tuesday, March 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $99.50.

In other news, insider R Scott Turicchi sold 20,663 shares of J2 Global stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $84.65, for a total value of $1,749,122.95. Following the transaction, the insider now directly owns 246,395 shares of the company’s stock, valued at $20,857,336.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $82.90, for a total transaction of $248,700.00. Following the completion of the transaction, the chief executive officer now directly owns 742,232 shares in the company, valued at $61,531,032.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,442 shares of company stock worth $4,298,343. 5.97% of the stock is currently owned by insiders.

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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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