Brokerages Set J2 Global Inc (JCOM) PT at $93.25
J2 Global Inc (NASDAQ:JCOM) has been given an average recommendation of “Hold” by the eight research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $93.25.
Several brokerages have issued reports on JCOM. Zacks Investment Research reiterated a “hold” rating on shares of J2 Global in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $92.00 target price on shares of J2 Global in a report on Monday, August 13th. BidaskClub upgraded shares of J2 Global from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. ValuEngine cut shares of J2 Global from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Finally, Wedbush restated a “buy” rating and issued a $95.00 price target on shares of J2 Global in a report on Tuesday, November 6th.
J2 Global stock traded up $0.36 during midday trading on Thursday, hitting $72.41. 314,322 shares of the company’s stock were exchanged, compared to its average volume of 358,447. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.75 and a quick ratio of 2.17. J2 Global has a 12 month low of $69.09 and a 12 month high of $91.58. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.60 and a beta of 0.94.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be issued a $0.435 dividend. This is a boost from J2 Global’s previous quarterly dividend of $0.43. This represents a $1.74 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, November 16th. J2 Global’s dividend payout ratio (DPR) is currently 31.42%.
In other news, VP Jeremy Rossen sold 2,457 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $81.17, for a total value of $199,434.69. Following the sale, the vice president now directly owns 30,715 shares in the company, valued at approximately $2,493,136.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $81.43, for a total transaction of $244,290.00. Following the completion of the sale, the chief executive officer now owns 723,830 shares in the company, valued at $58,941,476.90. The disclosure for this sale can be found here. Insiders sold a total of 12,509 shares of company stock worth $996,327 over the last 90 days. Company insiders own 5.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in JCOM. Loomis Sayles & Co. L P raised its position in shares of J2 Global by 5.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 125,464 shares of the technology company’s stock valued at $10,395,000 after purchasing an additional 6,226 shares during the last quarter. GAM Holding AG purchased a new position in shares of J2 Global in the 3rd quarter valued at approximately $255,000. Tower Research Capital LLC TRC raised its position in shares of J2 Global by 193.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,221 shares of the technology company’s stock valued at $184,000 after purchasing an additional 1,465 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in shares of J2 Global in the 3rd quarter valued at approximately $249,000. Finally, Clark Estates Inc. NY raised its position in shares of J2 Global by 3.0% in the 3rd quarter. Clark Estates Inc. NY now owns 47,400 shares of the technology company’s stock valued at $3,927,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 99.90% of the company’s stock.
J2 Global Company Profile
j2 Global, Inc, together with its subsidiaries, engages in the provision of Internet services worldwide. It operates through two segments, Cloud Services and Digital Media. The Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.
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