DA Davidson Comments on J2 Global Inc’s Q1 2019 Earnings (JCOM)

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J2 Global Inc (NASDAQ:JCOM) – Analysts at DA Davidson decreased their Q1 2019 earnings per share (EPS) estimates for shares of J2 Global in a research report issued on Monday, April 15th. DA Davidson analyst R. Jaluria now forecasts that the technology company will earn $1.13 per share for the quarter, down from their prior estimate of $1.34. DA Davidson also issued estimates for J2 Global’s Q1 2020 earnings at $1.15 EPS and Q3 2020 earnings at $1.56 EPS.

Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded J2 Global from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Wednesday. BidaskClub lowered J2 Global from a “buy” rating to a “hold” rating in a research report on Wednesday, February 13th. Citigroup increased their price objective on J2 Global from $86.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Finally, William Blair reiterated an “outperform” rating on shares of J2 Global in a research report on Thursday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $96.20.

Shares of J2 Global stock opened at $88.89 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market cap of $4.32 billion, a PE ratio of 15.02, a PEG ratio of 1.79 and a beta of 0.90. J2 Global has a 12 month low of $65.07 and a 12 month high of $91.58.

J2 Global (NASDAQ:JCOM) last released its quarterly earnings results on Tuesday, February 12th. The technology company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. J2 Global had a return on equity of 28.12% and a net margin of 10.66%. The firm had revenue of $346.10 million for the quarter, compared to analysts’ expectations of $342.12 million. During the same quarter last year, the firm posted $1.79 EPS. The company’s revenue was up 9.4% compared to the same quarter last year.

In other news, Director Douglas Y. Bech sold 10,000 shares of J2 Global stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $83.26, for a total value of $832,600.00. Following the sale, the director now directly owns 106,401 shares in the company, valued at approximately $8,858,947.26. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director W Brian Kretzmer sold 6,000 shares of J2 Global stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $84.17, for a total value of $505,020.00. Following the completion of the sale, the director now owns 12,764 shares in the company, valued at $1,074,345.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,863 shares of company stock worth $5,742,930. 5.90% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. Pearl River Capital LLC purchased a new position in shares of J2 Global in the 4th quarter valued at approximately $30,000. Benjamin F. Edwards & Company Inc. raised its stake in J2 Global by 68.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 645 shares of the technology company’s stock valued at $45,000 after buying an additional 262 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in J2 Global by 193.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,221 shares of the technology company’s stock valued at $184,000 after buying an additional 1,465 shares during the last quarter. Parametrica Management Ltd purchased a new position in J2 Global during the fourth quarter valued at $204,000. Finally, Quantamental Technologies LLC purchased a new position in J2 Global during the fourth quarter valued at $214,000. Hedge funds and other institutional investors own 99.90% of the company’s stock.

About J2 Global

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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