J2 Global (JCOM) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of J2 Global (NASDAQ:JCOM) from a hold rating to a sell rating in a report released on Friday morning.

JCOM has been the subject of several other reports. BidaskClub cut J2 Global from a hold rating to a sell rating in a research note on Tuesday. Robert W. Baird reiterated a buy rating and set a $92.00 target price on shares of J2 Global in a research note on Monday, August 13th. Finally, Citigroup reduced their target price on J2 Global from $88.00 to $86.00 and set a neutral rating for the company in a research note on Monday, August 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. J2 Global has an average rating of Hold and a consensus target price of $92.67.

Shares of NASDAQ JCOM traded up $0.30 on Friday, reaching $72.69. 455,229 shares of the company traded hands, compared to its average volume of 351,654. J2 Global has a fifty-two week low of $70.27 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.17 and a quick ratio of 2.17. The company has a market cap of $4.08 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.79 and a beta of 0.89.

J2 Global (NASDAQ:JCOM) last posted its earnings results on Thursday, August 9th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06. The firm had revenue of $287.89 million during the quarter, compared to the consensus estimate of $299.59 million. J2 Global had a net margin of 11.19% and a return on equity of 26.39%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, equities research analysts anticipate that J2 Global will post 5.79 EPS for the current year.

In other J2 Global news, VP Jeremy Rossen sold 2,457 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $81.17, for a total transaction of $199,434.69. Following the transaction, the vice president now owns 30,715 shares in the company, valued at approximately $2,493,136.55. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $87.81, for a total value of $263,430.00. Following the transaction, the chief executive officer now owns 726,830 shares in the company, valued at approximately $63,822,942.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,509 shares of company stock valued at $1,042,107. Company insiders own 5.97% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Fort L.P. acquired a new stake in J2 Global in the 2nd quarter valued at $120,000. Itau Unibanco Holding S.A. bought a new stake in shares of J2 Global in the second quarter worth about $194,000. World Asset Management Inc bought a new stake in shares of J2 Global in the second quarter worth about $208,000. Hsbc Holdings PLC bought a new stake in shares of J2 Global in the first quarter worth about $213,000. Finally, West Branch Capital LLC bought a new stake in shares of J2 Global in the second quarter worth about $285,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.

About J2 Global

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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