J2 Global (NASDAQ:JCOM) Given “Outperform” Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of J2 Global (NASDAQ:JCOM) in a research note released on Monday, Zacks.com reports. Wedbush also issued estimates for J2 Global’s Q4 2020 earnings at $2.36 EPS and FY2020 earnings at $7.12 EPS.

A number of other research firms have also commented on JCOM. BidaskClub lowered J2 Global from a buy rating to a hold rating in a research report on Saturday, November 2nd. Zacks Investment Research raised J2 Global from a hold rating to a buy rating and set a $99.00 price target on the stock in a research report on Friday, October 11th. Sidoti set a $118.00 price target on J2 Global and gave the stock a buy rating in a research report on Friday, November 1st. JMP Securities reissued a market outperform rating and issued a $105.00 target price (up previously from $100.00) on shares of J2 Global in a research report on Thursday, October 3rd. Finally, ValuEngine lowered J2 Global from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $106.00.

NASDAQ JCOM opened at $99.27 on Monday. The firm has a market cap of $4.78 billion, a P/E ratio of 16.77 and a beta of 0.79. 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 stock’s 50-day moving average is $93.02 and its 200-day moving average is $88.21. J2 Global has a one year low of $65.07 and a one year high of $99.34.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.12. The company had revenue of $344.14 million for the quarter, compared to analyst estimates of $332.47 million. J2 Global had a return on equity of 29.54% and a net margin of 11.15%. J2 Global’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 earnings per share. Equities analysts anticipate that J2 Global will post 6.66 EPS for the current year.

In other J2 Global news, Director Douglas Y. Bech sold 18,398 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $97.80, for a total value of $1,799,324.40. Following the completion of the transaction, the director now directly owns 139,347 shares in the company, valued at $13,628,136.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeremy Rossen sold 2,617 shares of the firm’s 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 completion of the transaction, the vice president now owns 32,440 shares of the company’s stock, valued at $2,708,740. The disclosure for this sale can be found here. In the last three months, insiders sold 22,815 shares of company stock worth $2,174,498. 5.90% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC grew its stake in J2 Global by 5.6% in the second quarter. AQR Capital Management LLC now owns 920,423 shares of the technology company’s stock valued at $80,647,000 after purchasing an additional 48,701 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of J2 Global by 7.2% during the 2nd quarter. Janus Henderson Group PLC now owns 755,820 shares of the technology company’s stock worth $67,185,000 after acquiring an additional 50,470 shares during the period. Prudential Financial Inc. boosted its stake in shares of J2 Global by 13.0% during the 2nd quarter. Prudential Financial Inc. now owns 582,664 shares of the technology company’s stock worth $51,793,000 after acquiring an additional 66,999 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of J2 Global by 8,400.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 458,928 shares of the technology company’s stock worth $40,794,000 after acquiring an additional 453,529 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. boosted its stake in shares of J2 Global by 4.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 456,702 shares of the technology company’s stock worth $40,596,000 after acquiring an additional 17,374 shares during the period.

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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