Insider Selling: J2 Global Inc (JCOM) CEO Sells 3,000 Shares of Stock
J2 Global Inc (NASDAQ:JCOM) CEO Vivek Shah sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $77.63, for a total value of $232,890.00. Following the completion of the sale, the chief executive officer now directly owns 748,232 shares in the company, valued at $58,085,250.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of J2 Global Inc (NASDAQ:JCOM) traded up $1.42 during mid-day trading on Wednesday, hitting $78.24. The stock had a trading volume of 263,615 shares, compared to its average volume of 302,155. J2 Global Inc has a 12-month low of $71.09 and a 12-month high of $91.48. The firm has a market capitalization of $3,790.00, a price-to-earnings ratio of 28.98 and a beta of 0.87. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 1.02.
J2 Global (NASDAQ:JCOM) last announced its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.02). J2 Global had a net margin of 12.60% and a return on equity of 26.43%. The firm had revenue of $273.60 million for the quarter, compared to analyst estimates of $272.84 million. During the same period in the previous year, the business posted $1.25 earnings per share. The business’s revenue for the quarter was up 30.2% compared to the same quarter last year. analysts forecast that J2 Global Inc will post 5.35 EPS for the current year.
Several analysts recently weighed in on JCOM shares. BidaskClub lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered J2 Global from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, ValuEngine raised J2 Global from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $101.75.
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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