According to Zacks, “J2 Global faces risks related to macroeconomic factors such as credit market weakness and high reliability on selected telecommunication carriers in each geographic network. A challenging economic environment might threaten the company’s performance considering it has a vast majority of credit-sensitive customers from lending and mortgage industries and other financial institutions. Additionally a high level of reliance on select telecommunication carriers might pose risks in future if any issues arise related to acquisition of local numbers. Though we are impressed by the company’s acquisition policy, the aforementioned risks continue to remain a concern.”
Other analysts have also recently issued research reports about the stock. Citigroup Inc. restated a buy rating on shares of j2 Global in a research report on Saturday, July 9th. Robert W. Baird assumed coverage on shares of j2 Global in a research report on Tuesday, August 30th. They issued an outperform rating and a $83.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $85.17.
Shares of j2 Global (NASDAQ:JCOM) traded up 0.86% during mid-day trading on Tuesday, hitting $65.87. The company’s stock had a trading volume of 89,273 shares. j2 Global has a 1-year low of $55.43 and a 1-year high of $84.15. The stock has a market cap of $3.16 billion, a PE ratio of 23.70 and a beta of 1.11. The company has a 50-day moving average price of $67.33 and a 200-day moving average price of $65.17.
j2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.06. j2 Global had a net margin of 17.16% and a return on equity of 24.28%. The business earned $211.80 million during the quarter, compared to analysts’ expectations of $206.41 million. During the same quarter in the prior year, the company earned $0.99 EPS. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. Analysts predict that j2 Global will post $4.90 EPS for the current fiscal year.
In related news, VP Jeremy Rossen sold 1,014 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $67.01, for a total value of $67,948.14. Following the completion of the sale, the vice president now directly owns 24,708 shares in the company, valued at approximately $1,655,683.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen Ross sold 19,836 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $67.84, for a total transaction of $1,345,674.24. Following the completion of the sale, the director now owns 28,107 shares of the company’s stock, valued at $1,906,778.88. The disclosure for this sale can be found here. Insiders own 5.11% of the company’s stock.
A number of large investors have recently modified their holdings of JCOM. Schroder Investment Management Group increased its stake in shares of j2 Global by 149.4% in the second quarter. Schroder Investment Management Group now owns 701,872 shares of the company’s stock valued at $44,337,000 after buying an additional 420,433 shares during the period. American Century Companies Inc. increased its stake in shares of j2 Global by 360.8% in the second quarter. American Century Companies Inc. now owns 450,624 shares of the company’s stock valued at $28,466,000 after buying an additional 352,826 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of j2 Global by 17.2% in the second quarter. TimesSquare Capital Management LLC now owns 1,986,307 shares of the company’s stock valued at $125,475,000 after buying an additional 291,120 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of j2 Global during the second quarter valued at about $15,203,000. Finally, Bank of Montreal Can bought a new stake in shares of j2 Global during the second quarter valued at about $14,396,000.
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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