J2 Global Inc (NASDAQ:JCOM) insider R Scott Turicchi sold 20,663 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $84.65, for a total transaction of $1,749,122.95. Following the sale, the insider now directly owns 246,395 shares of the company’s stock, valued at approximately $20,857,336.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of J2 Global Inc (NASDAQ:JCOM) traded down $0.80 during trading hours on Wednesday, reaching $83.13. 424,725 shares of the company’s stock traded hands, compared to its average volume of 345,552. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.34 and a quick ratio of 2.34. J2 Global Inc has a one year low of $70.27 and a one year high of $91.48. The firm has a market capitalization of $4,148.57, a P/E ratio of 15.79, a price-to-earnings-growth ratio of 1.90 and a beta of 0.94.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $1.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.09. J2 Global had a net margin of 12.47% and a return on equity of 26.82%. The company had revenue of $316.38 million during the quarter, compared to the consensus estimate of $319.00 million. During the same quarter last year, the company earned $1.49 earnings per share. J2 Global’s revenue for the quarter was up 25.6% on a year-over-year basis. equities research analysts anticipate that J2 Global Inc will post 5.55 EPS for the current year.
A number of analysts recently issued reports on JCOM shares. DA Davidson started coverage on shares of J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 target price for the company. BidaskClub raised shares of J2 Global from a “hold” rating to a “buy” rating in a research report 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 Tuesday, December 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of J2 Global in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $99.50.
A number of large investors have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. purchased a new position in shares of J2 Global during the 3rd quarter valued at approximately $250,000. Crossmark Global Holdings Inc. purchased a new position in shares of J2 Global during the 3rd quarter valued at approximately $326,000. Stevens Capital Management LP boosted its stake in shares of J2 Global by 90.3% during the 3rd quarter. Stevens Capital Management LP now owns 15,164 shares of the technology company’s stock valued at $1,120,000 after buying an additional 7,194 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of J2 Global by 8.6% during the 3rd quarter. Retirement Systems of Alabama now owns 129,867 shares of the technology company’s stock valued at $9,595,000 after buying an additional 10,238 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of J2 Global by 11.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 11,842 shares of the technology company’s stock valued at $892,000 after buying an additional 1,170 shares during the last quarter.
COPYRIGHT VIOLATION WARNING: “Insider Selling: J2 Global Inc (JCOM) Insider Sells 20,663 Shares of Stock” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.themarketsdaily.com/2018/03/14/insider-selling-j2-global-inc-jcom-insider-sells-20663-shares-of-stock.html.
About J2 Global
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises. The Company operates in two segments: Business Cloud Services and Digital Media. The Company’s Digital Media business segment consists of the Web properties and business operations of Ziff Davis, Inc (Ziff Davis).
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.