In a report released today, William Power from Robert W. Baird reiterated a Buy rating on J2 Global (NASDAQ: JCOM), with a price target of $92. The company’s shares closed on Friday at $80.37.
According to TipRanks.com, Power is a 5-star analyst with an average return of 17.4% and a 66.9% success rate. Power covers the Technology sector, focusing on stocks such as Vonage Holdings, RingCentral, and Twilio Inc.
J2 Global has an analyst consensus of Moderate Buy, with a price target consensus of $92.
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Based on J2 Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $28.06 million. In comparison, last year the company had a net profit of $30.98 million.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JCOM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
j2 Global, Inc. is a holding company, which engages in the provision of Internet services. It operates through the Business Cloud Services and Digital Media segments.
