J2 Global Inc (JCOM) Insider Sells $283,881.00 in Stock
J2 Global Inc (NASDAQ:JCOM) insider Steve P. Dunn sold 3,263 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $87.00, for a total transaction of $283,881.00. Following the transaction, the insider now owns 19,544 shares of the company’s stock, valued at $1,700,328. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NASDAQ:JCOM traded up $0.72 during mid-day trading on Tuesday, hitting $87.23. The stock had a trading volume of 209,048 shares, compared to its average volume of 367,554. J2 Global Inc has a twelve month low of $65.07 and a twelve month high of $91.58. The company has a market capitalization of $4.23 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.50 and a current ratio of 1.25.
J2 Global (NASDAQ:JCOM) last issued its earnings results on Tuesday, May 7th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. J2 Global had a net margin of 11.60% and a return on equity of 28.93%. The business had revenue of $299.90 million during the quarter, compared to the consensus estimate of $296.12 million. During the same period last year, the business posted $1.22 EPS. J2 Global’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that J2 Global Inc will post 6.65 earnings per share for the current year.
A number of research firms have recently commented on JCOM. Wedbush increased their price objective on shares of J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. DA Davidson set a $110.00 price objective on shares of J2 Global and gave the stock a “buy” rating in a research note on Monday, April 22nd. Zacks Investment Research upgraded shares of J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Wednesday, April 17th. Citigroup increased their price objective on shares of J2 Global from $86.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 3rd. Finally, BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Tuesday, February 5th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.20.
A number of large investors have recently modified their holdings of JCOM. Tortoise Index Solutions LLC acquired a new stake in J2 Global in the 1st quarter valued at about $28,000. Pearl River Capital LLC acquired a new stake in J2 Global in the 4th quarter valued at about $30,000. Benjamin F. Edwards & Company Inc. lifted its stake in J2 Global by 68.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the technology company’s stock valued at $45,000 after purchasing an additional 262 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in J2 Global in the 1st quarter valued at about $48,000. Finally, Hussman Strategic Advisors Inc. bought a new position in J2 Global in the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 99.90% of the company’s stock.
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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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