J2 Global Inc (JCOM) Receives $100.40 Consensus Price Target from Analysts
J2 Global Inc (NASDAQ:JCOM) has earned an average rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $100.60.
A number of equities research analysts have weighed in on JCOM shares. William Blair reiterated an “outperform” rating on shares of J2 Global in a research note on Wednesday. Robert W. Baird boosted their price objective on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday. DA Davidson started coverage on J2 Global in a research note on Friday, February 2nd. They issued a “buy” rating and a $95.00 price objective for the company. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, BidaskClub cut J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th.
J2 Global (NASDAQ JCOM) traded down $0.40 during mid-day trading on Tuesday, reaching $71.88. The company had a trading volume of 345,897 shares, compared to its average volume of 333,892. The stock has a market capitalization of $3,620.98, a PE ratio of 24.96, a price-to-earnings-growth ratio of 1.60 and a beta of 0.89. J2 Global has a 12-month low of $70.27 and a 12-month high of $91.48. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.79 and a current ratio of 2.34.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 22nd will be issued a $0.405 dividend. The ex-dividend date of this dividend is Wednesday, February 21st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.25%. This is a positive change from J2 Global’s previous quarterly dividend of $0.40. J2 Global’s payout ratio is presently 55.83%.
In other news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $77.63, for a total value of $232,890.00. Following the transaction, the chief executive officer now owns 748,232 shares of the company’s stock, valued at $58,085,250.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.15% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of J2 Global by 1.7% in the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after purchasing an additional 43 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of J2 Global by 47.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock valued at $194,000 after purchasing an additional 831 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of J2 Global in the fourth quarter valued at approximately $210,000. Parametrica Management Ltd acquired a new position in shares of J2 Global in the third quarter valued at approximately $229,000. Finally, Shelton Capital Management acquired a new position in shares of J2 Global in the second quarter valued at approximately $277,000.
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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).
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