Could J2 Global Inc (NASDAQ:JCOM) See a Reversal After More Sellers Came In?

j2 Global, Inc. (NASDAQ:JCOM) Logo

Investors sentiment decreased to 1.14 in Q2 2019. Its down 0.21, from 1.35 in 2019Q1. It turned negative, as 21 investors sold j2 Global, Inc. shares while 91 reduced holdings. 44 funds opened positions while 84 raised stakes. 46.58 million shares or 0.79% less from 46.95 million shares in 2019Q1 were reported.
Tower Research Limited Company (Trc) accumulated 0% or 695 shares. Ccm Invest Advisers Limited Liability holds 1.33% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM) for 89,081 shares. Fort Washington Investment Advisors Oh stated it has 261,904 shares or 0.26% of all its holdings. Yorktown Research Com accumulated 2,400 shares. Point72 Asset Mngmt Limited Partnership owns 300 shares. Prelude Limited holds 0% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM) for 468 shares. Chicago Equity Ltd Liability stated it has 28,190 shares or 0.11% of all its holdings. Parametric Portfolio Assoc Limited Liability Corporation invested in 210,360 shares. Deutsche Commercial Bank Ag holds 0.01% in j2 Global, Inc. (NASDAQ:JCOM) or 146,768 shares. Moreover, Vanguard Gp Inc Inc has 0.01% invested in j2 Global, Inc. (NASDAQ:JCOM) for 4.43M shares. Morgan Stanley reported 29,819 shares. Clarivest Asset Management Ltd Liability Corporation reported 23,420 shares. Aqr Management Limited Com has invested 0.09% of its portfolio in j2 Global, Inc. (NASDAQ:JCOM). State Teachers Retirement System has 0.02% invested in j2 Global, Inc. (NASDAQ:JCOM) for 89,050 shares. Regions Finance Corporation invested in 4,907 shares.

The stock of J2 Global Inc (NASDAQ:JCOM) registered an increase of 0.92% in short interest. JCOM’s total short interest was 4.54 million shares in October as published by FINRA. Its up 0.92% from 4.50M shares, reported previously. With 383,300 shares average volume, it will take short sellers 12 days to cover their JCOM’s short positions. The short interest to J2 Global Inc’s float is 9.77%.

The stock increased 1.88% or $1.76 during the last trading session, reaching $95.57. About 532,178 shares traded or 54.57% up from the average. j2 Global, Inc. (NASDAQ:JCOM) has risen 5.54% since October 12, 2018 and is uptrending. It has outperformed by 5.54% the S&P500.

j2 Global, Inc., together with its subsidiaries, engages in the provision of Internet services worldwide. The company has market cap of $4.68 billion. It operates through two divisions, Business Cloud Services and Digital Media. It has a 32.28 P/E ratio. The Business Cloud Services segment offers cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations.

j2 Global, Inc. (NASDAQ:JCOM) Ratings Coverage

Among 2 analysts covering j2 Global (NASDAQ:JCOM), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. j2 Global has $11600 highest and $9500 lowest target. $105.33’s average target is 10.21% above currents $95.57 stock price. j2 Global had 3 analyst reports since May 9, 2019 according to SRatingsIntel. The company was maintained on Friday, September 6 by Sidoti. On Thursday, October 3 the stock rating was maintained by JMP Securities with “Market Outperform”.

More notable recent j2 Global, Inc. (NASDAQ:JCOM) news were published by: Seekingalpha.com which released: “Everyday Health acquires Babycenter – Seeking Alpha” on August 27, 2019, also Fool.com with their article: “j2 Global Communications (JCOM) Q1 2019 Earnings Call Transcript – Motley Fool” published on May 08, 2019, Seekingalpha.com published: “J2 Global seals four purchases in Q3 – Seeking Alpha” on October 07, 2019. More interesting news about j2 Global, Inc. (NASDAQ:JCOM) were released by: Benzinga.com and their article: “Earnings Scheduled For August 6, 2019 – Benzinga” published on August 06, 2019 as well as Businesswire.com‘s news article titled: “j2 Cloud Servicesâ„¢ Showcases New Cloud Fax Products at HiMSS 2019 – Business Wire” with publication date: February 04, 2019.

j2 Global, Inc. (NASDAQ:JCOM) Institutional Positions Chart

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