J2 Global (JCOM) Rating Increased to Buy at BidaskClub
J2 Global (NASDAQ:JCOM) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
Other analysts also recently issued research reports about the company. William Blair reiterated an “outperform” rating on shares of J2 Global in a research report on Wednesday, February 7th. Zacks Investment Research upgraded J2 Global from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. ValuEngine downgraded J2 Global from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Robert W. Baird lifted their price target on J2 Global from $94.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, DA Davidson began coverage on J2 Global in a research report on Friday, February 2nd. They set a “buy” rating and a $95.00 price target for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $99.50.
J2 Global (NASDAQ JCOM) opened at $83.56 on Friday. The firm has a market capitalization of $4,102.46, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.88 and a beta of 0.94. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.98. J2 Global has a twelve month low of $70.27 and a twelve month high of $91.48.
In related news, CEO Vivek Shah sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $76.59, for a total value of $229,770.00. Following the completion of the sale, the chief executive officer now owns 745,232 shares in the company, valued at approximately $57,077,318.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.15% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in J2 Global by 47.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,588 shares of the technology company’s stock worth $194,000 after buying an additional 831 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in J2 Global in the 4th quarter worth approximately $210,000. Wolverine Asset Management LLC bought a new stake in J2 Global in the 4th quarter worth approximately $222,000. Zeke Capital Advisors LLC bought a new stake in J2 Global in the 4th quarter worth approximately $224,000. Finally, Ramsey Quantitative Systems bought a new stake in J2 Global in the 4th quarter worth approximately $245,000.
About J2 Global
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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