Zix Co. (NASDAQ:ZIXI) Given Consensus Rating of “Buy” by Brokerages

Zix Co. (NASDAQ:ZIXI) has received an average recommendation of “Buy” from the eight ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $9.90.

A number of research firms have recently issued reports on ZIXI. Northland Securities boosted their price objective on ZIX from $9.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. TheStreet upgraded ZIX from a “d+” rating to a “c-” rating in a research report on Friday, June 19th. Cowen lowered their price objective on ZIX from $11.00 to $9.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 21st. BidaskClub upgraded ZIX from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Investment Research upgraded ZIX from a “sell” rating to a “hold” rating and set a $7.50 price target on the stock in a research report on Tuesday, July 7th.

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 sale, the director now directly owns 19,999 shares in the company, valued at $114,794.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 44,512 shares of company stock worth $272,077 over the last quarter. Company insiders own 20.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of ZIXI. First Trust Advisors LP boosted its stake in ZIX by 10.1% in the first quarter. First Trust Advisors LP now owns 219,927 shares of the software maker’s stock worth $1,513,000 after purchasing an additional 20,149 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in ZIX in the fourth quarter worth $105,000. Public Sector Pension Investment Board lifted its stake in shares of ZIX by 58.8% during the fourth quarter. Public Sector Pension Investment Board now owns 245,300 shares of the software maker’s stock valued at $1,663,000 after acquiring an additional 90,800 shares during the period. UBS Group AG lifted its stake in shares of ZIX by 4.6% during the fourth quarter. UBS Group AG now owns 158,251 shares of the software maker’s stock valued at $1,073,000 after acquiring an additional 7,010 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of ZIX by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 759,611 shares of the software maker’s stock valued at $5,150,000 after acquiring an additional 20,852 shares during the period. 66.91% of the stock is currently owned by institutional investors.

Shares of ZIX stock traded up $0.27 during trading on Tuesday, hitting $7.12. 1,143,149 shares of the stock traded hands, compared to its average volume of 990,354. The company has a debt-to-equity ratio of 5.14, a quick ratio of 0.46 and a current ratio of 0.46. The company has a fifty day moving average price of $6.67 and a two-hundred day moving average price of $6.39. The stock has a market cap of $405.20 million, a P/E ratio of -19.76, a PEG ratio of 1.22 and a beta of 1.38. ZIX has a twelve month low of $2.84 and a twelve month high of $10.16.

ZIX (NASDAQ:ZIXI) last issued its quarterly earnings results 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 business had revenue of $52.43 million during the quarter, compared to the consensus estimate of $51.80 million. ZIX had a positive return on equity of 60.09% and a negative net margin of 4.70%. On average, equities research analysts expect that ZIX will post 0.39 EPS for the current fiscal year.

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.

Further Reading: Why Net Income is Important to Investors

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