J2 Global Inc (NASDAQ:JCOM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $100.24 and last traded at $100.24, with a volume of 1961 shares changing hands. The stock had previously closed at $99.27.
Several equities analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating on shares of J2 Global in a research note on Monday, November 4th. ValuEngine raised shares of J2 Global from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of J2 Global from a “buy” rating to a “hold” rating and set a $103.00 price objective on the stock. in a research note on Wednesday. Sidoti set a $118.00 price objective on shares of J2 Global and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, BidaskClub raised shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $106.00.
The company has a quick ratio of 0.94, a current ratio of 0.84 and a debt-to-equity ratio of 1.13. The company has a market cap of $4.81 billion, a PE ratio of 16.96 and a beta of 0.79. The stock’s 50 day simple moving average is $93.37 and its two-hundred day simple moving average is $88.32.
J2 Global (NASDAQ:JCOM) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.12. The company had revenue of $344.14 million for the quarter, compared to the consensus estimate of $332.47 million. J2 Global had a net margin of 11.15% and a return on equity of 29.54%. J2 Global’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. Analysts forecast that J2 Global Inc will post 6.65 EPS for the current year.
In other J2 Global news, VP Jeremy Rossen sold 2,617 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $83.50, for a total transaction of $218,519.50. Following the transaction, the vice president now owns 32,440 shares of the company’s stock, valued at $2,708,740. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jon Miller sold 20,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $98.57, for a total transaction of $1,971,400.00. Following the transaction, the director now directly owns 161,832 shares in the company, valued at approximately $15,951,780.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,815 shares of company stock worth $4,145,898. 5.90% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new stake in shares of J2 Global in the second quarter worth $27,000. Whittier Trust Co. increased its position in shares of J2 Global by 78.9% in the third quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock worth $29,000 after acquiring an additional 142 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of J2 Global by 263.0% in the third quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock worth $32,000 after acquiring an additional 263 shares in the last quarter. Truvestments Capital LLC increased its position in shares of J2 Global by 258.9% in the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock worth $36,000 after acquiring an additional 290 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of J2 Global in the second quarter worth $44,000.
About J2 Global (NASDAQ:JCOM)
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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