ZIX (NASDAQ:ZIXI) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Friday.
A number of other research firms also recently issued reports on ZIXI. BidaskClub upgraded shares of ZIX from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 26th. Finally, Craig Hallum upgraded shares of ZIX from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a research note on Wednesday, October 24th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $6.08.
NASDAQ ZIXI opened at $6.32 on Friday. ZIX has a 52-week low of $3.82 and a 52-week high of $7.09. The company has a market cap of $354.24 million, a PE ratio of 79.00, a price-to-earnings-growth ratio of 1.61 and a beta of 0.67.
ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Tuesday, October 23rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. ZIX had a negative net margin of 9.72% and a positive return on equity of 12.65%. The firm had revenue of $17.90 million for the quarter, compared to the consensus estimate of $17.73 million. During the same period last year, the firm earned $0.07 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that ZIX will post 0.27 EPS for the current year.
In other ZIX news, Director Robert C. Hausmann sold 52,927 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $5.66, for a total value of $299,566.82. Following the completion of the sale, the director now directly owns 71,285 shares in the company, valued at $403,473.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ZIXI. Legal & General Group Plc boosted its stake in ZIX by 8,881.1% in the first quarter. Legal & General Group Plc now owns 1,223,049 shares of the software maker’s stock valued at $5,223,000 after acquiring an additional 1,209,431 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in ZIX in the third quarter valued at approximately $1,543,000. Cadence Capital Management LLC boosted its stake in ZIX by 44.5% in the third quarter. Cadence Capital Management LLC now owns 669,832 shares of the software maker’s stock valued at $3,718,000 after acquiring an additional 206,249 shares in the last quarter. First Trust Advisors LP acquired a new stake in ZIX in the third quarter valued at approximately $1,065,000. Finally, GMT Capital Corp acquired a new stake in ZIX in the second quarter valued at approximately $883,000. Institutional investors own 69.66% of the company’s stock.
Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.
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