J2 Global (NASDAQ:JCOM) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $9.270-9.510 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.100. The company issued revenue guidance of $1.68 billion-1.70 billion, compared to the consensus revenue estimate of $1.65 billion.
JCOM has been the topic of several research reports. Piper Sandler reiterated a neutral rating and set a $139.00 price objective (up previously from $122.00) on shares of J2 Global in a research note on Monday, April 26th. Wedbush raised their price target on J2 Global from $140.00 to $150.00 and gave the stock an outperform rating in a report on Wednesday, May 12th. JMP Securities increased their target price on J2 Global from $120.00 to $130.00 and gave the stock an outperform rating in a research report on Tuesday, February 16th. Citigroup boosted their price target on shares of J2 Global from $100.00 to $140.00 in a report on Thursday, February 18th. Finally, Barclays increased their price objective on shares of J2 Global from $130.00 to $152.00 and gave the stock an equal weight rating in a report on Wednesday, April 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $123.17.
J2 Global stock traded down $0.11 during trading hours on Thursday, hitting $127.48. 11,017 shares of the company traded hands, compared to its average volume of 565,979. J2 Global has a 1-year low of $53.24 and a 1-year high of $135.24. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 25.27, a P/E/G ratio of 1.81 and a beta of 1.06. The firm’s 50-day moving average price is $123.74. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93.
In related news, Director Douglas Y. Bech sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $127.98, for a total value of $383,940.00. Following the sale, the director now directly owns 135,176 shares in the company, valued at approximately $17,299,824.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeremy Rossen sold 4,256 shares of the stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $122.07, for a total transaction of $519,529.92. Following the sale, the vice president now directly owns 10,869 shares of the company’s stock, valued at $1,326,778.83. The disclosure for this sale can be found here. Corporate insiders own 5.42% of the company’s stock.
J2 Global Company Profile
J2 Global, Inc provides internet services worldwide. It operates through three segments: Fax and Martech; Voice, Backup, Security, and Consumer Privacy and Protection; and Digital Media. The company offers cloud services, which include cloud fax services under the eFax, sFax, SRFax, MyFax, and eFax Corporate brands; endpoint and email security, and threat intelligence services for real-time malware analysis under the VIPRE brand; Inspired eLearning, a SaaS platform for cybersecurity awareness and compliance training; virtual private network services under the IPVanish and Encrypt.me names; online file backup, synchronization, and sharing services under the SugarSync name; and online backup and sync storage services under the LiveDrive name.
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