J2 Global (JCOM) Receives a New Rating from Wedbush


J2 Global (NASDAQ: JCOM) received a Buy rating and a $95 price target from Wedbush analyst Jennifer Redding yesterday. The company’s shares opened today at $74.22.

According to TipRanks.com, Redding is a 2-star analyst with an average return of 2.4% and a 25.0% success rate. Redding covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Verint Systems Inc.

J2 Global has an analyst consensus of Strong Buy, with a price target consensus of $95.67.

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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 $31.94 million.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.

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.

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