December 1, 2016 - By Ruchi Gupta · 0 Comments
J2 Global Inc (NASDAQ:JCOM) institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.02, from 0.99 in 2016Q1. The ratio increased, as 130 investment professionals increased and opened new equity positions, while 131 cut down and sold stock positions in J2 Global Inc. The investment professionals in our partner’s database now have: 47.31 million shares, up from 47.25 million shares in 2016Q1. Also, the number of investment professionals holding J2 Global Inc in their top 10 equity positions increased from 2 to 3 for an increase of 1. Sold All: 37 Reduced: 94 Increased: 98 New Position: 32.
j2 Global, Inc., together with its subsidiaries, is a well-known provider of Internet services. The company has a market cap of $3.41 billion. The Firm operates through two divisions: Business Cloud Services and Digital Media. It has a 18.75 P/E ratio. Through its Business Cloud Services Division, the Company provides cloud services to businesses of all sizes, from individuals to enterprises, and licenses its intellectual property to third parties.
About 303,199 shares traded hands. J2 Global Inc (NASDAQ:JCOM) has risen 15.58% since April 28, 2016 and is uptrending. It has outperformed by 9.66% the S&P500.
Analysts await J2 Global Inc (NASDAQ:JCOM) to report earnings on February, 8. They expect $1.30 EPS, up 80.56% or $0.58 from last year’s $0.72 per share. JCOM’s profit will be $60.01M for 14.21 P/E if the $1.30 EPS becomes a reality. After $1.19 actual EPS reported by J2 Global Inc for the previous quarter, Wall Street now forecasts 9.24% EPS growth.
According to Zacks Investment Research, “j2 Global, Inc. provides cloud-based communications and storage messaging services. The Company offers online fax, virtual voice, hosted email, email marketing, online backup and unified communications services. j2 markets its services principally under the brand names eFax, eVoice, Electric Mail, Campaigner, KeepItSafe and Onebox. It also provides software-as-a-service communication services and solutions to the business market. j2 Global Inc. formerly known as j2 Global Communications, Inc., is headquartered in Los Angeles, California.”
Brave Asset Management Inc holds 6.1% of its portfolio in J2 Global Inc for 144,453 shares. Rail owns 183,564 shares or 2.78% of their US portfolio. Moreover, Pembroke Management Ltd has 2.18% invested in the company for 377,586 shares. The Massachusetts-based Portolan Capital Management Llc has invested 2.08% in the stock. S&T Bank Pa, a Pennsylvania-based fund reported 197,018 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 7 insider sales for $2.83 million net activity.
Ratings analysis reveals 80% of j2 Global’s analysts are positive. Out of 5 Wall Street analysts rating j2 Global, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $73 while the high is $95. The stock’s average target of $83.25 is 12.70% above today’s ($73.87) share price. JCOM was included in 9 notes of analysts from August 5, 2015. The stock of J2 Global Inc (NASDAQ:JCOM) has “Buy” rating given on Wednesday, August 17 by Citigroup. The firm has “Buy” rating given on Friday, April 1 by Citigroup. On Wednesday, November 4 the stock rating was maintained by FBR Capital with “Mkt Perform”. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, August 5. The rating was initiated by JMP Securities with “Mkt Outperform” on Friday, December 18. The company was initiated on Wednesday, August 31 by Robert W. Baird. Susquehanna initiated J2 Global Inc (NASDAQ:JCOM) on Monday, August 10 with “Positive” rating.
j2 Global, Inc., incorporated on May 29, 2014, together with its subsidiaries, is a well-known provider of Internet services. The Firm operates through two divisions: Business Cloud Services and Digital Media. Through its Business Cloud Services Division, the Company provides cloud services to businesses of all sizes, from individuals to enterprises, and licenses its intellectual property (IP) to third parties. In addition, the Business Cloud Services Division includes its j2 Cloud Connect business, which is primarily focused on its voice and fax products. The Company’s Digital Media Division specializes in the technology and gaming markets, reaching in-market buyers and influencers in both the consumer and business-to-business space.
More important recent J2 Global Inc (NASDAQ:JCOM) news were published by: Businesswire.com which released: “j2 Global, Inc.’s Ziff Davis Announces Agreement to Acquire Everyday Health” on October 21, 2016, also Labusinessjournal.com published article titled: “J2 Global Inc. Acquires Another Six Companies in Q2”, Streetinsider.com published: “Form 8-K J2 GLOBAL, INC. For: Nov 30” on November 30, 2016. More interesting news about J2 Global Inc (NASDAQ:JCOM) was released by: Valuewalk.com and their article: “J2 Global Inc (JCOM): Citron Research Issues Big Sell Report” with publication date: March 10, 2016.
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By Ruchi Gupta