j2 Global, Inc. (NASDAQ:JCOM) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
JCOM has been the topic of a number of other research reports. Zacks Investment Research raised j2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reissued a “buy” rating and issued a $94.00 target price on shares of j2 Global in a report on Friday, September 1st. BidaskClub lowered j2 Global from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Citigroup Inc. dropped their target price on j2 Global from $89.00 to $88.00 and set a “neutral” rating on the stock in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. j2 Global currently has a consensus rating of “Hold” and a consensus price target of $101.75.
j2 Global (JCOM) traded up 1.30% during midday trading on Wednesday, reaching $77.71. The company’s stock had a trading volume of 498,823 shares. The stock has a market cap of $3.76 billion, a P/E ratio of 26.03 and a beta of 0.94. The stock’s 50 day moving average is $74.22 and its 200 day moving average is $81.57. j2 Global has a 12-month low of $62.55 and a 12-month high of $91.48.
j2 Global (NASDAQ:JCOM) last released its earnings results on Thursday, August 3rd. The technology company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.06). The company had revenue of $273.20 million during the quarter, compared to analyst estimates of $271.89 million. j2 Global had a net margin of 14.74% and a return on equity of 26.62%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 EPS. Analysts anticipate that j2 Global will post $5.76 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp grew its holdings in j2 Global by 14.8% during the first quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock worth $121,000 after acquiring an additional 186 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in j2 Global by 15.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock worth $150,000 after acquiring an additional 241 shares during the period. First Mercantile Trust Co. grew its holdings in j2 Global by 1.9% during the second quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock worth $183,000 after acquiring an additional 40 shares during the period. Highbridge Capital Management LLC acquired a new position in j2 Global during the first quarter worth $206,000. Finally, Advisor Group Inc. grew its holdings in j2 Global by 1.7% during the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after acquiring an additional 43 shares during the period.
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).
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