ValuEngine cut shares of J2 Global (NASDAQ:JCOM) from a hold rating to a sell rating in a research note published on Thursday, ValuEngine reports.

Other research analysts also recently issued research reports about the stock. JMP Securities reiterated a market outperform rating and issued a $105.00 target price (up previously from $100.00) on shares of J2 Global in a research note on Thursday, October 3rd. Zacks Investment Research downgraded shares of J2 Global from a buy rating to a hold rating and set a $103.00 target price on the stock. in a research note on Wednesday, November 6th. Wedbush reiterated an outperform rating on shares of J2 Global in a research note on Monday, November 4th. Sidoti set a $118.00 target price on shares of J2 Global and gave the stock a buy rating in a research note on Friday, November 1st. Finally, BidaskClub upgraded shares of J2 Global from a hold rating to a buy rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. J2 Global presently has an average rating of Buy and an average target price of $107.14.

NASDAQ:JCOM traded up $0.74 during mid-day trading on Thursday, hitting $96.62. 635,500 shares of the company’s stock were exchanged, compared to its average volume of 377,873. J2 Global has a one year low of $65.07 and a one year high of $100.87. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.84 and a quick ratio of 0.94. The business has a fifty day moving average price of $94.20 and a 200 day moving average price of $88.58. The company has a market cap of $4.62 billion, a PE ratio of 16.32 and a beta of 0.79.

J2 Global (NASDAQ:JCOM) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.58 by $0.12. J2 Global had a net margin of 11.15% and a return on equity of 29.54%. The business had revenue of $344.14 million for the quarter, compared to analyst estimates of $332.47 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. J2 Global’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts forecast that J2 Global will post 6.65 EPS for the current fiscal year.

In related news, Director W Brian Kretzmer sold 1,800 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $87.03, for a total transaction of $156,654.00. Following the transaction, the director now owns 7,256 shares in the company, valued at $631,489.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Y. Bech sold 18,398 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $97.80, for a total transaction of $1,799,324.40. Following the transaction, the director now owns 139,347 shares in the company, valued at approximately $13,628,136.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,198 shares of company stock worth $3,927,378. Insiders own 5.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new position in J2 Global during the second quarter valued at approximately $27,000. Whittier Trust Co. lifted its position in J2 Global by 78.9% during the third quarter. Whittier Trust Co. now owns 322 shares of the technology company’s stock valued at $29,000 after purchasing an additional 142 shares during the period. Flagship Harbor Advisors LLC lifted its position in J2 Global by 263.0% during the third quarter. Flagship Harbor Advisors LLC now owns 363 shares of the technology company’s stock valued at $32,000 after purchasing an additional 263 shares during the period. Truvestments Capital LLC lifted its position in J2 Global by 258.9% during the second quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock valued at $36,000 after purchasing an additional 290 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in J2 Global during the second quarter valued at approximately $44,000.

About J2 Global

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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