ValuEngine upgraded shares of ZIX (NASDAQ:ZIXI) from a hold rating to a buy rating in a research report released on Monday, ValuEngine reports.
Other equities analysts also recently issued research reports about the stock. BidaskClub raised shares of ZIX from a sell rating to a hold rating in a report on Thursday, February 6th. Wedbush initiated coverage on shares of ZIX in a report on Thursday, November 7th. They set an outperform rating and a $10.00 price target on the stock. Zacks Investment Research raised shares of ZIX from a sell rating to a hold rating in a report on Thursday, January 2nd. Finally, Cowen set a $9.00 price target on shares of ZIX and gave the company a buy rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $10.15.
ZIXI opened at $7.16 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 4.17. The company has a market cap of $399.11 million, a price-to-earnings ratio of -35.80, a PEG ratio of 1.18 and a beta of 0.93. The company’s 50 day moving average is $7.23 and its 200 day moving average is $7.29. ZIX has a 12-month low of $6.24 and a 12-month high of $11.15.
In other ZIX news, VP Dave Robertson sold 50,828 shares of ZIX stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $7.41, for a total transaction of $376,635.48. Following the transaction, the vice president now owns 288,096 shares of the company’s stock, valued at $2,134,791.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.20% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC purchased a new position in shares of ZIX in the third quarter worth $32,000. Bank of Montreal Can lifted its holdings in shares of ZIX by 44.4% in the fourth quarter. Bank of Montreal Can now owns 6,766 shares of the software maker’s stock worth $46,000 after buying an additional 2,081 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of ZIX in the fourth quarter worth $65,000. Wedbush Securities Inc. purchased a new position in shares of ZIX in the third quarter worth $90,000. Finally, Jane Street Group LLC purchased a new position in shares of ZIX in the second quarter worth $114,000. 73.75% of the stock is currently owned by hedge funds and other institutional investors.
ZIX Company Profile
Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.
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