J2 Global (JCOM) Stock Price Down 7%

J2 Global Inc (NASDAQ:JCOM)’s share price was down 7% during mid-day trading on Friday . The company traded as low as $79.36 and last traded at $80.37. Approximately 838,496 shares changed hands during trading, an increase of 141% from the average daily volume of 347,903 shares. The stock had previously closed at $86.42.

A number of equities analysts have issued reports on JCOM shares. BidaskClub cut J2 Global from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 17th. DA Davidson lifted their price objective on J2 Global to $100.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. J2 Global currently has a consensus rating of “Buy” and a consensus price target of $97.50.

The company has a debt-to-equity ratio of 0.97, a current ratio of 2.22 and a quick ratio of 2.22. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 1.93 and a beta of 0.82.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings data on Thursday, August 9th. The technology company reported $1.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.06. J2 Global had a return on equity of 26.52% and a net margin of 11.19%. The business had revenue of $287.89 million for the quarter, compared to analysts’ expectations of $299.59 million. During the same quarter in the previous year, the business posted $1.33 EPS. J2 Global’s revenue for the quarter was up 5.4% on a year-over-year basis. equities analysts expect that J2 Global Inc will post 5.59 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Monday, August 20th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, August 17th. This is a boost from J2 Global’s previous quarterly dividend of $0.42. J2 Global’s payout ratio is 30.68%.

In other news, CEO Vivek Shah sold 3,000 shares of J2 Global stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $88.06, for a total transaction of $264,180.00. Following the transaction, the chief executive officer now owns 731,101 shares in the company, valued at approximately $64,380,754.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 9,000 shares of company stock worth $782,490 in the last quarter. 5.15% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in JCOM. Hsbc Holdings PLC acquired a new stake in J2 Global in the 1st quarter valued at approximately $213,000. World Asset Management Inc acquired a new stake in J2 Global in the 2nd quarter valued at approximately $208,000. Federated Investors Inc. PA raised its position in J2 Global by 39.8% in the 1st quarter. Federated Investors Inc. PA now owns 30,109 shares of the technology company’s stock valued at $2,376,000 after buying an additional 8,572 shares during the last quarter. Stifel Financial Corp raised its position in J2 Global by 7.4% in the 1st quarter. Stifel Financial Corp now owns 325,635 shares of the technology company’s stock valued at $25,699,000 after buying an additional 22,526 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in J2 Global by 1.5% in the 1st quarter. Russell Investments Group Ltd. now owns 266,467 shares of the technology company’s stock valued at $21,030,000 after buying an additional 3,876 shares during the last quarter.

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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