J2 Global (JCOM) Downgraded by BidaskClub

BidaskClub lowered shares of J2 Global (NASDAQ:JCOM) from a strong-buy rating to a buy rating in a research report report published on Thursday.

Several other research analysts have also weighed in on the company. DA Davidson lifted their price objective on J2 Global to $100.00 and gave the stock a buy rating in a research report on Wednesday, May 9th. Zacks Investment Research raised J2 Global from a sell rating to a hold rating in a research report on Wednesday, April 11th. William Blair reissued an outperform rating on shares of J2 Global in a research report on Tuesday, March 27th. ValuEngine lowered J2 Global from a buy rating to a hold rating in a research report on Thursday, March 1st. Finally, Robert W. Baird lifted their price objective on J2 Global from $94.00 to $95.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. J2 Global presently has an average rating of Buy and an average target price of $94.33.

Shares of J2 Global opened at $86.14 on Thursday, Marketbeat Ratings reports. J2 Global has a 12-month low of $70.27 and a 12-month high of $90.90. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market cap of $4.23 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.93 and a beta of 0.84.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Monday, May 7th. The technology company reported $1.22 earnings per share 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 firm had revenue of $280.62 million during the quarter, compared to analyst estimates of $274.66 million. During the same period last year, the company posted $0.41 EPS. analysts expect that J2 Global will post 5.59 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 18th will be given a $0.415 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This is a positive change from J2 Global’s previous quarterly dividend of $0.41. This represents a $1.66 annualized dividend and a dividend yield of 1.93%. J2 Global’s dividend payout ratio (DPR) is 30.68%.

In related news, insider Steve P. Dunn sold 2,911 shares of the business’s 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 completion of the sale, the insider now directly owns 23,412 shares of the company’s stock, valued at approximately $2,045,272.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Scott Turicchi sold 20,663 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 246,395 shares of the company’s stock, valued at $20,857,336.75. The disclosure for this sale can be found here. Insiders sold a total of 62,220 shares of company stock valued at $5,176,829 over the last ninety days. 5.15% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in J2 Global by 47.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after buying an additional 831 shares in the last quarter. Hsbc Holdings PLC bought a new stake in J2 Global in the 1st quarter valued at about $213,000. Oppenheimer & Co. Inc. bought a new stake in J2 Global in the 4th quarter valued at about $210,000. Parametrica Management Ltd bought a new stake in J2 Global in the 1st quarter valued at about $224,000. Finally, Wolverine Asset Management LLC bought a new stake in J2 Global in the 4th quarter valued at about $222,000.

J2 Global Company Profile

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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