ZIX (NASDAQ:ZIXI) had its target price increased by analysts at Northland Securities from $9.00 to $11.00 in a note issued to investors on Monday, The Fly reports. The firm currently has an “outperform” rating on the software maker’s stock. Northland Securities’ price objective points to a potential upside of 65.17% from the stock’s current price.
Several other research firms also recently commented on ZIXI. Craig Hallum initiated coverage on ZIX in a report on Friday, March 27th. They set a “buy” rating and a $9.00 price objective for the company. TheStreet upgraded ZIX from a “d+” rating to a “c-” rating in a report on Friday, June 19th. ValuEngine downgraded ZIX from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Cowen decreased their price target on ZIX from $11.00 to $9.00 and set an “outperform” rating for the company in a report on Tuesday, April 21st. Finally, BidaskClub upgraded ZIX from a “sell” rating to a “hold” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.65.
Shares of ZIXI opened at $6.66 on Monday. The firm has a market cap of $379.29 million, a PE ratio of -18.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34. ZIX has a 52-week low of $2.84 and a 52-week high of $10.51. The business’s 50 day moving average price is $6.55 and its two-hundred day moving average price is $6.43. The company has a debt-to-equity ratio of 5.14, a quick ratio of 0.46 and a current ratio of 0.46.
ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Wednesday, May 6th. The software maker reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.04). The firm had revenue of $52.43 million for the quarter, compared to the consensus estimate of $51.80 million. ZIX had a negative net margin of 4.70% and a positive return on equity of 60.09%. Research analysts predict that ZIX will post 0.38 EPS for the current fiscal year.
In other ZIX news, Director Richard Spurr sold 7,219 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $5.74, for a total value of $41,437.06. Following the completion of the transaction, the director now owns 19,999 shares in the company, valued at approximately $114,794.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 44,512 shares of company stock valued at $272,077 in the last quarter. 36.80% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in ZIXI. Deutsche Bank AG grew its stake in ZIX by 67.1% in the 1st quarter. Deutsche Bank AG now owns 2,075,285 shares of the software maker’s stock valued at $8,944,000 after purchasing an additional 833,524 shares during the period. Legal & General Group Plc increased its holdings in shares of ZIX by 25.6% in the 1st quarter. Legal & General Group Plc now owns 2,407,359 shares of the software maker’s stock worth $16,413,000 after purchasing an additional 490,103 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of ZIX by 358.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 437,124 shares of the software maker’s stock worth $1,884,000 after purchasing an additional 341,772 shares in the last quarter. Northern Right Capital Management L.P. increased its holdings in shares of ZIX by 36.0% in the 1st quarter. Northern Right Capital Management L.P. now owns 839,854 shares of the software maker’s stock worth $3,620,000 after purchasing an additional 222,412 shares in the last quarter. Finally, Federated Hermes Inc. bought a new stake in shares of ZIX in the 1st quarter worth $935,000. Hedge funds and other institutional investors own 67.58% of the company’s stock.
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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