BidaskClub upgraded shares of J2 Global (NASDAQ:JCOM) from a hold rating to a buy rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Separately, Sidoti increased their price objective on shares of J2 Global from $110.00 to $116.00 and gave the stock a buy rating in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $105.00.

JCOM opened at $91.19 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $4.47 billion, a P/E ratio of 15.40 and a beta of 0.82. The company’s 50-day simple moving average is $84.93 and its two-hundred day simple moving average is $86.55. J2 Global has a 52-week low of $65.07 and a 52-week high of $92.00.

J2 Global (NASDAQ:JCOM) last posted its earnings results on Tuesday, August 6th. The technology company reported $1.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.05. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The business had revenue of $322.43 million for the quarter, compared to analysts’ expectations of $320.25 million. During the same quarter in the prior year, the business earned $1.50 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts forecast that J2 Global will post 6.63 EPS for the current fiscal year.

In other 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 value of $218,519.50. Following the transaction, the vice president now owns 32,440 shares in the company, valued at approximately $2,708,740. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Brian Kretzmer sold 1,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $87.03, for a total transaction of $156,654.00. Following the completion of the transaction, the director now owns 7,256 shares in the company, valued at approximately $631,489.68. The disclosure for this sale can be found here. 5.90% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of JCOM. Point72 Asset Management L.P. bought a new position in shares of J2 Global in the 2nd quarter worth approximately $27,000. Tortoise Index Solutions LLC bought a new position in shares of J2 Global in the 1st quarter worth approximately $28,000. Truvestments Capital LLC increased its holdings in J2 Global by 258.9% in the 2nd 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. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in J2 Global in the 2nd quarter worth approximately $44,000. Finally, Quantamental Technologies LLC purchased a new stake in J2 Global in the 2nd quarter worth approximately $50,000.

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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Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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