J2 Global (NASDAQ:JCOM) Rating Increased to Buy at BidaskClub
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.
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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