Shares of Zix Co. (NASDAQ:ZIXI) have been given a consensus rating of “Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.75.
Several research firms have weighed in on ZIXI. BidaskClub downgraded ZIX from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 7th. Zacks Investment Research upgraded ZIX from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Saturday, May 11th. Craig Hallum set a $14.00 price objective on ZIX and gave the company a “buy” rating in a research note on Friday, May 3rd. Northland Securities reiterated a “buy” rating and issued a $10.00 price objective on shares of ZIX in a research note on Friday, May 3rd. Finally, Cowen initiated coverage on ZIX in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $11.00 price objective for the company.
NASDAQ ZIXI traded up $0.22 during trading on Monday, hitting $9.09. The stock had a trading volume of 1,211,824 shares, compared to its average volume of 665,025. The company has a market capitalization of $492.70 million, a P/E ratio of 28.41, a PEG ratio of 2.07 and a beta of 0.95. The company has a debt-to-equity ratio of 3.37, a current ratio of 0.44 and a quick ratio of 0.44. The business’s 50 day moving average is $9.29. ZIX has a twelve month low of $4.66 and a twelve month high of $11.15.
ZIX (NASDAQ:ZIXI) last released its earnings results on Thursday, May 2nd. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $29.30 million during the quarter, compared to analyst estimates of $27.19 million. ZIX had a net margin of 8.75% and a return on equity of 20.21%. The business’s revenue was up 75.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. On average, equities research analysts forecast that ZIX will post 0.29 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of ZIX by 0.9% in the 4th quarter. BlackRock Inc. now owns 4,130,398 shares of the software maker’s stock valued at $23,668,000 after buying an additional 38,648 shares during the period. Dimensional Fund Advisors LP lifted its stake in ZIX by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,417,344 shares of the software maker’s stock worth $13,851,000 after purchasing an additional 26,737 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in ZIX by 13.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,608,124 shares of the software maker’s stock worth $9,215,000 after purchasing an additional 195,030 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in ZIX by 586.1% during the first quarter. Assenagon Asset Management S.A. now owns 1,216,389 shares of the software maker’s stock worth $8,369,000 after purchasing an additional 1,039,110 shares during the last quarter. Finally, ETF Managers Group LLC lifted its stake in ZIX by 3.3% during the first quarter. ETF Managers Group LLC now owns 1,077,973 shares of the software maker’s stock worth $7,416,000 after purchasing an additional 34,360 shares during the last quarter. Institutional investors and hedge funds own 72.27% of the company’s stock.
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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