J2 Global Inc (JCOM) CEO Vivek Shah Sells 3,000 Shares

J2 Global Inc (NASDAQ:JCOM) CEO Vivek Shah sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total transaction of $232,890.00. Following the sale, the chief executive officer now directly owns 748,232 shares of the company’s stock, valued at $58,085,250.16. The sale was disclosed in a document filed with the SEC, which is available through this link.

J2 Global Inc (NASDAQ:JCOM) opened at $78.24 on Thursday. J2 Global Inc has a fifty-two week low of $71.09 and a fifty-two week high of $91.48. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.79 and a quick ratio of 2.79. The firm has a market cap of $3,790.00, a price-to-earnings ratio of 28.98 and a beta of 0.87.

J2 Global (NASDAQ:JCOM) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.02). J2 Global had a net margin of 12.60% and a return on equity of 26.43%. The business had revenue of $273.60 million during the quarter, compared to analysts’ expectations of $272.84 million. During the same period last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. research analysts predict that J2 Global Inc will post 5.35 EPS for the current year.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of J2 Global from a “hold” rating to a “buy” rating in a report on Wednesday, October 11th. Zacks Investment Research raised shares of J2 Global from a “sell” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, BidaskClub lowered shares of J2 Global from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $101.75.

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in J2 Global by 15.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,757 shares of the technology company’s stock worth $150,000 after buying an additional 241 shares during the last quarter. Advisor Group Inc. lifted its position in J2 Global by 1.7% in the second quarter. Advisor Group Inc. now owns 2,535 shares of the technology company’s stock worth $195,000 after buying an additional 43 shares during the last quarter. Parametrica Management Ltd bought a new stake in J2 Global in the third quarter worth $229,000. Raymond James Financial Services Advisors Inc. bought a new stake in J2 Global in the third quarter worth $250,000. Finally, Shelton Capital Management bought a new stake in J2 Global in the second quarter worth $277,000.

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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).

Insider Buying and Selling by Quarter for J2 Global (NASDAQ:JCOM)

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