j2 Global, Inc. (NASDAQ:JCOM) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
A number of other equities research analysts have also recently weighed in on JCOM. BidaskClub upgraded j2 Global from a “hold” rating to a “buy” rating in a research note on Saturday, June 24th. Citigroup Inc. decreased their price objective on j2 Global from $89.00 to $88.00 and set a “neutral” rating for the company in a research note on Monday, August 7th. Zacks Investment Research cut j2 Global from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird restated a “buy” rating and set a $94.00 price objective on shares of j2 Global in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $101.75.
j2 Global (NASDAQ:JCOM) last issued its earnings results on Thursday, August 3rd. The technology company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). j2 Global had a return on equity of 26.62% and a net margin of 14.74%. The firm had revenue of $273.20 million during the quarter, compared to analysts’ expectations of $271.89 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. j2 Global’s quarterly revenue was up 29.0% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in j2 Global by 14.8% during the 1st quarter. Fifth Third Bancorp now owns 1,444 shares of the technology company’s stock valued at $121,000 after buying an additional 186 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in j2 Global by 15.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock valued at $150,000 after buying an additional 241 shares in the last quarter. First Mercantile Trust Co. increased its position in j2 Global by 1.9% during the 2nd quarter. First Mercantile Trust Co. now owns 2,150 shares of the technology company’s stock valued at $183,000 after buying an additional 40 shares in the last quarter. Advisor Group Inc. increased its position in j2 Global by 1.7% during the 2nd quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock valued at $195,000 after buying an additional 43 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in j2 Global during the 1st quarter valued at about $206,000.
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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