Today’s Stock On Watch: Time to Buy J2 Global Inc After Today’s Significant Decline?

Today's Stock On Watch: Time to Buy J2 Global Inc After Today's Significant Decline?

The stock of J2 Global Inc (NASDAQ:JCOM) is a huge mover today! About 562,762 shares traded hands or 28.38% up from the average. J2 Global Inc (NASDAQ:JCOM) has risen 21.34% since April 27, 2016 and is uptrending. It has outperformed by 16.11% the S&P500.
The move comes after 8 months negative chart setup for the $3.55B company. It was reported on Nov, 30 by Barchart.com. We have $66.89 PT which if reached, will make NASDAQ:JCOM worth $319.50 million less.

Analysts await J2 Global Inc (NASDAQ:JCOM) to report earnings on February, 8. They expect $1.30 earnings per share, up 80.56% or $0.58 from last year’s $0.72 per share. JCOM’s profit will be $62.79 million for 14.13 P/E if the $1.30 EPS becomes a reality. After $1.19 actual earnings per share reported by J2 Global Inc for the previous quarter, Wall Street now forecasts 9.24% EPS growth.

J2 Global Inc (NASDAQ:JCOM) Ratings Coverage

Out of 5 analysts covering j2 Global (NASDAQ:JCOM), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. j2 Global has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm has “Mkt Outperform” rating by JMP Securities given on Friday, December 18. The stock of J2 Global Inc (NASDAQ:JCOM) earned “Mkt Perform” rating by FBR Capital on Wednesday, August 5. The company was initiated on Wednesday, August 31 by Robert W. Baird. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, November 4. The firm has “Buy” rating given on Wednesday, August 17 by Citigroup. As per Friday, April 1, the company rating was upgraded by Citigroup. The firm has “Positive” rating given on Monday, August 10 by Susquehanna.

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.”

Insitutional Activity: The institutional sentiment increased to 1.01 in 2016 Q2. Its up 0.02, from 0.99 in 2016Q1. The ratio improved, as 37 funds sold all J2 Global Inc shares owned while 94 reduced positions. 32 funds bought stakes while 98 increased positions. They now own 47.31 million shares or 0.12% more from 47.25 million shares in 2016Q1.
Paradigm Cap Mgmt Ny has 61,575 shares for 0.47% of their US portfolio. Checchi Capital Advisers Lc accumulated 0% or 420 shares. Mutual Of America Capital Mngmt Limited holds 0.1% of its portfolio in J2 Global Inc (NASDAQ:JCOM) for 75,653 shares. Legal And General Gp Public Ltd holds 0% or 13,100 shares in its portfolio. The North Carolina-based Cardinal Cap has invested 0.17% in J2 Global Inc (NASDAQ:JCOM). Washington Trust Natl Bank reported 27 shares or 0% of all its holdings. Moreover, First Citizens Bancorp & Company has 0.08% invested in J2 Global Inc (NASDAQ:JCOM) for 14,927 shares. Millennium Mngmt Limited Liability Corporation, a New York-based fund reported 105,132 shares. Qs Limited Liability Company last reported 0% of its portfolio in the stock. Ahl Partners Llp holds 38,673 shares or 0.13% of its portfolio. The Ohio-based Strs Ohio has invested 0% in J2 Global Inc (NASDAQ:JCOM). Capstone Asset holds 6,143 shares or 0.01% of its portfolio. Allianz Asset Mngmt Ag has 0.05% invested in the company for 1.39M shares. Invesco Ltd has 124,192 shares for 0% of their US portfolio. Riggs Asset Managment Communications owns 264 shares or 0.01% of their US portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 7 insider sales for $2.83 million net activity. ROSS STEPHEN had sold 19,836 shares worth $1.35 million. KRETZMER W BRIAN sold $448,494 worth of J2 Global Inc (NASDAQ:JCOM) on Tuesday, August 30. ROSSEN JEREMY sold $104,593 worth of stock or 1,500 shares. The insider TURICCHI R SCOTT sold $510,443. Another trade for 2,958 shares valued at $217,413 was sold by Dunn Steve P..

More recent J2 Global Inc (NASDAQ:JCOM) news were published by: Reuters.com which released: “BRIEF-J2 global inc is reaffirming previously issued financial estimates” on November 30, 2016. Also Businesswire.com published the news titled: “j2 Global, Inc.’s Ziff Davis Announces Agreement to Acquire Everyday Health” on October 21, 2016. Labusinessjournal.com‘s news article titled: “J2 Global Inc. Acquires Another Six Companies in Q2” with publication date: July 11, 2016 was also an interesting one.

JCOM Company Profile

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.

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