J2 Global Inc (NASDAQ:JCOM) Receives $100.20 Consensus PT from Analysts

J2 Global Inc (NASDAQ:JCOM) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $100.20.

Several brokerages have recently issued reports on JCOM. Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Citigroup raised their target price on shares of J2 Global from $86.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Wedbush raised their target price on shares of Roku from $55.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of Central Valley Community Bancorp in a report on Monday, April 22nd.

Shares of JCOM traded down $0.88 during mid-day trading on Tuesday, hitting $89.01. 277,683 shares of the company’s stock were exchanged, compared to its average volume of 320,236. The company has a market capitalization of $4.36 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.67 and a beta of 0.84. J2 Global has a fifty-two week low of $65.07 and a fifty-two week high of $90.99. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day moving average of $87.40.

J2 Global (NASDAQ:JCOM) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The business had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $296.12 million. J2 Global had a net margin of 11.60% and a return on equity of 28.93%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. As a group, research analysts predict that J2 Global will post 6.65 EPS for the current fiscal year.

In related news, VP Jeremy Rossen sold 2,213 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $86.30, for a total value of $190,981.90. Following the sale, the vice president now owns 36,440 shares of the company’s stock, valued at $3,144,772. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO R Scott Turicchi sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $86.67, for a total transaction of $866,700.00. Following the completion of the sale, the chief financial officer now directly owns 293,139 shares in the company, valued at approximately $25,406,357.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,102 shares of company stock worth $1,830,912. 5.90% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of JCOM. Tortoise Index Solutions LLC purchased a new position in J2 Global in the first quarter valued at approximately $28,000. Truvestments Capital LLC increased its stake in J2 Global by 258.9% in the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after purchasing an additional 290 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in J2 Global in the first quarter valued at approximately $52,000. Yorktown Management & Research Co Inc purchased a new position in J2 Global in the first quarter valued at approximately $208,000. Finally, Brinker Capital Inc. purchased a new position in J2 Global in the first quarter valued at approximately $211,000. 99.90% of the stock is currently owned by hedge funds and other institutional investors.

J2 Global Company Profile

j2 Global, Inc, together with its subsidiaries, provides Internet services worldwide. It operates through three segments: Fax and Email Marketing; Voice, Backup, and Security; and Digital Media. The company offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

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Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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