J2 Global Inc (JCOM) Receives $93.25 Average PT from Brokerages

Share on StockTwits

J2 Global Inc (NASDAQ:JCOM) has earned an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $93.25.

Several research firms have weighed in on JCOM. William Blair reiterated an “outperform” rating on shares of J2 Global in a research report on Thursday, December 20th. Citigroup lifted their price objective on shares of J2 Global from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. Finally, ValuEngine upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a report on Thursday, December 13th.

NASDAQ JCOM opened at $85.28 on Wednesday. J2 Global has a twelve month low of $65.07 and a twelve month high of $91.58. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 1.70 and a beta of 0.90.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Tuesday, February 12th. The technology company reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. J2 Global had a net margin of 10.66% and a return on equity of 28.12%. The firm had revenue of $346.10 million for the quarter, compared to analysts’ expectations of $342.12 million. During the same period in the previous year, the company posted $1.79 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that J2 Global will post 6.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Monday, February 25th were issued a dividend of $0.445 per share. This is a boost from J2 Global’s previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Friday, February 22nd. J2 Global’s payout ratio is currently 30.07%.

In other news, Director W Brian Kretzmer sold 6,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $84.17, for a total transaction of $505,020.00. Following the transaction, the director now directly owns 12,764 shares in the company, valued at approximately $1,074,345.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider R Scott Turicchi sold 9,808 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $83.60, for a total transaction of $819,948.80. Following the transaction, the insider now owns 288,127 shares in the company, valued at $24,087,417.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,863 shares of company stock worth $5,742,930. 5.97% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. American Century Companies Inc. boosted its holdings in J2 Global by 217.0% in the fourth quarter. American Century Companies Inc. now owns 60,427 shares of the technology company’s stock worth $4,192,000 after purchasing an additional 41,367 shares in the last quarter. Geode Capital Management LLC boosted its holdings in J2 Global by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 566,652 shares of the technology company’s stock worth $39,314,000 after purchasing an additional 43,571 shares in the last quarter. Norges Bank bought a new stake in J2 Global in the fourth quarter worth $38,850,000. Nordea Investment Management AB boosted its holdings in J2 Global by 35.0% in the fourth quarter. Nordea Investment Management AB now owns 908,821 shares of the technology company’s stock worth $63,055,000 after purchasing an additional 235,849 shares in the last quarter. Finally, APG Asset Management N.V. boosted its holdings in J2 Global by 111.4% in the fourth quarter. APG Asset Management N.V. now owns 22,200 shares of the technology company’s stock worth $1,347,000 after purchasing an additional 11,700 shares in the last quarter. Hedge funds and other institutional investors own 99.90% of the company’s stock.

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.

Read More: What is channel trading?

Analyst Recommendations for J2 Global (NASDAQ:JCOM)

Receive News & Ratings for J2 Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J2 Global and related companies with MarketBeat.com's FREE daily email newsletter.