j2 Global (JCOM) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of j2 Global (NASDAQ:JCOM) from a hold rating to a sell rating in a research report released on Thursday morning.

Several other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of j2 Global from a hold rating to a sell rating in a report on Friday, October 20th. ValuEngine raised shares of j2 Global from a hold rating to a buy rating in a report on Wednesday, October 11th. Finally, Robert W. Baird reaffirmed a buy rating and set a $94.00 price objective on shares of j2 Global in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $101.75.

j2 Global (NASDAQ JCOM) traded down $1.65 on Thursday, reaching $73.21. 381,220 shares of the company’s stock traded hands, compared to its average volume of 364,031. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $3,623.40, a P/E ratio of 14.59 and a beta of 0.87. j2 Global has a fifty-two week low of $71.09 and a fifty-two week high of $91.48.

j2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.36 by ($0.02). The company had revenue of $273.60 million for the quarter, compared to analysts’ expectations of $272.84 million. j2 Global had a net margin of 12.60% and a return on equity of 26.43%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. sell-side analysts expect that j2 Global will post 5.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a yield of 2.16%. This is an increase from j2 Global’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, November 16th. j2 Global’s dividend payout ratio (DPR) is presently 58.52%.

In other news, VP Jeremy Rossen sold 2,514 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $74.05, for a total value of $186,161.70. Following the completion of the sale, the vice president now directly owns 26,372 shares in the company, valued at $1,952,846.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.15% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of JCOM. FMR LLC increased its position in j2 Global by 19.9% during the second quarter. FMR LLC now owns 6,055,030 shares of the technology company’s stock worth $515,222,000 after purchasing an additional 1,004,664 shares during the last quarter. Koch Industries Inc. increased its position in shares of j2 Global by 15,945.3% during the second quarter. Koch Industries Inc. now owns 835,159 shares of the technology company’s stock valued at $825,000 after acquiring an additional 829,954 shares during the last quarter. Nordea Investment Management AB increased its position in shares of j2 Global by 3,312.3% during the second quarter. Nordea Investment Management AB now owns 651,653 shares of the technology company’s stock valued at $55,449,000 after acquiring an additional 632,556 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of j2 Global by 283.8% during the second quarter. Janus Henderson Group PLC now owns 831,287 shares of the technology company’s stock valued at $70,734,000 after acquiring an additional 614,707 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of j2 Global by 88.1% during the second quarter. Principal Financial Group Inc. now owns 1,293,825 shares of the technology company’s stock valued at $110,092,000 after acquiring an additional 606,091 shares during the last quarter.

WARNING: “j2 Global (JCOM) Downgraded by BidaskClub to Sell” was published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark and copyright law. The correct version of this news story can be accessed at https://sportsperspectives.com/2017/12/08/j2-global-jcom-downgraded-by-bidaskclub-to-sell.html.

j2 Global Company Profile

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for j2 Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply