J2 Global (JCOM) Given a $110.00 Price Target by DA Davidson Analysts

J2 Global (NASDAQ:JCOM) has been given a $110.00 price objective by stock analysts at DA Davidson in a research note issued to investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the technology company’s stock. DA Davidson’s price target would indicate a potential upside of 23.36% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of J2 Global from a “hold” rating to a “buy” rating in a research note on Tuesday, February 5th. Zacks Investment Research raised shares of J2 Global from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Wednesday, April 17th. Finally, Citigroup upped their target price on shares of J2 Global from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $98.20.

Shares of JCOM stock opened at $89.17 on Monday. J2 Global has a 52-week low of $65.07 and a 52-week high of $91.58. The firm has a market capitalization of $4.31 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.98.

J2 Global (NASDAQ:JCOM) last announced its quarterly earnings data on Tuesday, February 12th. The technology company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. J2 Global had a net margin of 10.66% and a return on equity of 28.12%. The company had revenue of $346.10 million during the quarter, compared to analysts’ expectations of $342.12 million. During the same quarter in the prior year, the company posted $1.79 EPS. The business’s revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts forecast that J2 Global will post 6.22 earnings per share for the current year.

In other news, Director W Brian Kretzmer sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $84.17, for a total value of $505,020.00. Following the sale, the director now owns 12,764 shares of the company’s stock, valued at approximately $1,074,345.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Douglas Y. Bech sold 4,307 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $85.12, for a total transaction of $366,611.84. Following the completion of the sale, the director now directly owns 123,081 shares in the company, valued at approximately $10,476,654.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,863 shares of company stock worth $5,742,930. 5.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of JCOM. Vanguard Group Inc grew its holdings in J2 Global by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 4,341,776 shares of the technology company’s stock worth $359,716,000 after acquiring an additional 78,738 shares during the last quarter. Vanguard Group Inc. lifted its position in J2 Global by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,341,776 shares of the technology company’s stock valued at $359,716,000 after purchasing an additional 78,738 shares during the period. Macquarie Group Ltd. lifted its position in J2 Global by 8.6% during the 4th quarter. Macquarie Group Ltd. now owns 1,277,790 shares of the technology company’s stock valued at $88,653,000 after purchasing an additional 100,689 shares during the period. Dimensional Fund Advisors LP lifted its position in J2 Global by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 942,566 shares of the technology company’s stock valued at $65,395,000 after purchasing an additional 53,199 shares during the period. Finally, Nordea Investment Management AB lifted its position in J2 Global by 35.0% during the 4th quarter. Nordea Investment Management AB now owns 908,821 shares of the technology company’s stock valued at $63,055,000 after purchasing an additional 235,849 shares during the period. 99.90% of the stock is currently owned by institutional investors and hedge funds.

J2 Global Company Profile

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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The Fly

Analyst Recommendations for J2 Global (NASDAQ:JCOM)

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