GSA Capital Partners LLP bought a new position in shares of J2 Global Inc (NASDAQ:JCOM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,838 shares of the technology company’s stock, valued at approximately $1,319,000.
Other institutional investors have also recently bought and sold shares of the company. Tortoise Index Solutions LLC bought a new stake in J2 Global during the 1st quarter worth approximately $28,000. Truvestments Capital LLC increased its holdings in J2 Global by 258.9% during the 2nd quarter. Truvestments Capital LLC now owns 402 shares of the technology company’s stock worth $36,000 after acquiring an additional 290 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new stake in J2 Global during the 2nd quarter worth approximately $44,000. Hussman Strategic Advisors Inc. bought a new stake in J2 Global during the 1st quarter worth approximately $52,000. Finally, III Capital Management bought a new stake in J2 Global during the 2nd quarter worth approximately $105,000.
A number of research firms recently weighed in on JCOM. BidaskClub lowered shares of J2 Global from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Wedbush upped their target price on shares of J2 Global from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. One 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 currently has an average rating of “Hold” and a consensus target price of $102.25.
J2 Global stock traded down $1.52 during midday trading on Friday, reaching $82.42. 333,629 shares of the stock were exchanged, compared to its average volume of 383,678. The company’s fifty day moving average is $86.36 and its 200-day moving average is $85.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $4.11 billion, a PE ratio of 13.92 and a beta of 0.83. J2 Global Inc has a 52 week low of $65.07 and a 52 week high of $92.00.
J2 Global (NASDAQ:JCOM) last issued its quarterly earnings results on Tuesday, August 6th. The technology company reported $1.47 EPS for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.05. The firm had revenue of $322.43 million for the quarter, compared to analyst estimates of $320.25 million. J2 Global had a net margin of 11.61% and a return on equity of 28.85%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. On average, sell-side analysts anticipate that J2 Global Inc will post 6.63 earnings per share for the current fiscal year.
J2 Global 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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