Other equities research analysts have also recently issued reports about the stock. Cowen set a $9.00 price objective on shares of ZIX and gave the stock a buy rating in a report on Friday, November 1st. Wedbush initiated coverage on shares of ZIX in a report on Thursday, November 7th. They issued an outperform rating and a $10.00 price objective for the company. ValuEngine upgraded shares of ZIX from a sell rating to a hold rating in a report on Sunday, November 10th. TheStreet cut shares of ZIX from a b- rating to a c+ rating in a report on Wednesday, August 14th. Finally, Zacks Investment Research cut shares of ZIX from a hold rating to a sell rating in a report on Saturday, November 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $10.15.
Shares of NASDAQ ZIXI traded up $0.06 during trading on Tuesday, hitting $7.20. The company had a trading volume of 371,800 shares, compared to its average volume of 729,785. The company has a market cap of $395.77 million, a P/E ratio of 22.50, a PEG ratio of 1.41 and a beta of 0.89. ZIX has a 52 week low of $5.25 and a 52 week high of $11.15. The business’s 50-day moving average is $6.84 and its 200 day moving average is $8.29. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.34 and a current ratio of 0.34.
ZIX (NASDAQ:ZIXI) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. The firm had revenue of $47.80 million during the quarter, compared to analysts’ expectations of $47.17 million. ZIX had a negative net margin of 1.64% and a positive return on equity of 41.08%. ZIX’s revenue for the quarter was up 167.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share. On average, research analysts expect that ZIX will post 0.34 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in ZIXI. First Trust Advisors LP lifted its position in ZIX by 10.1% during the 1st quarter. First Trust Advisors LP now owns 219,927 shares of the software maker’s stock worth $1,513,000 after acquiring an additional 20,149 shares during the last quarter. KAMES CAPITAL plc acquired a new position in ZIX during the 2nd quarter worth $2,444,000. NEXT Financial Group Inc acquired a new position in ZIX during the 2nd quarter worth $42,000. Taylor Frigon Capital Management LLC acquired a new position in ZIX during the 2nd quarter worth $1,460,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in ZIX during the 2nd quarter worth $91,000. 75.04% of the stock is owned by hedge funds and other institutional investors.
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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