J2 Global Inc (JCOM) Given Average Rating of “Hold” by Brokerages

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J2 Global Inc (NASDAQ:JCOM) has earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $93.25.

A number of equities analysts have weighed in on JCOM shares. Robert W. Baird reissued a “buy” rating and issued a $92.00 target price on shares of J2 Global in a research report on Monday, August 13th. Citigroup decreased their target price on J2 Global from $88.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, August 13th. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. ValuEngine lowered J2 Global from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Wedbush started coverage on J2 Global in a research report on Thursday, October 18th. They issued an “outperform” rating and a $95.00 target price for the company.

In other J2 Global news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $72.55, for a total transaction of $217,650.00. Following the completion of the sale, the chief executive officer now directly owns 717,830 shares in the company, valued at approximately $52,078,566.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 9,000 shares of company stock valued at $680,040. Corporate insiders own 5.15% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in JCOM. Vanguard Group Inc. lifted its holdings in J2 Global by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,341,776 shares of the technology company’s stock worth $359,716,000 after purchasing an additional 78,738 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in J2 Global by 8,184.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 26,097 shares of the technology company’s stock worth $315,000 after purchasing an additional 25,782 shares in the last quarter. NorthCoast Asset Management LLC purchased a new position in J2 Global in the 3rd quarter worth approximately $816,000. Teachers Advisors LLC lifted its holdings in J2 Global by 2.3% in the 3rd quarter. Teachers Advisors LLC now owns 91,966 shares of the technology company’s stock worth $7,619,000 after purchasing an additional 2,086 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in J2 Global in the 3rd quarter worth approximately $1,425,000.

NASDAQ:JCOM traded down $1.12 during mid-day trading on Monday, reaching $70.43. The company’s stock had a trading volume of 386,289 shares, compared to its average volume of 314,529. J2 Global has a 12-month low of $69.09 and a 12-month high of $91.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.54 and a beta of 1.01.

J2 Global (NASDAQ:JCOM) last issued its earnings results on Monday, November 5th. The technology company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.12. J2 Global had a return on equity of 26.70% and a net margin of 10.86%. The business had revenue of $292.72 million during the quarter, compared to analyst estimates of $295.19 million. As a group, research analysts predict that J2 Global will post 5.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th were paid a dividend of $0.435 per share. This is an increase from J2 Global’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Friday, November 16th. J2 Global’s payout ratio is currently 32.16%.

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.

See Also: Ex-Dividend

Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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