Several other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of ZIX from a hold rating to a strong-buy rating and set a $9.50 price target on the stock in a research report on Saturday, August 10th. ValuEngine cut shares of ZIX from a buy rating to a hold rating in a research report on Thursday, August 8th. Cowen started coverage on shares of ZIX in a research report on Thursday, May 23rd. They set an outperform rating and a $11.00 price target on the stock. Northland Securities reaffirmed a buy rating and set a $10.00 price target on shares of ZIX in a research report on Friday, May 3rd. Finally, Craig Hallum set a $14.00 price target on shares of ZIX and gave the stock a buy rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $11.13.
Shares of ZIX stock opened at $7.51 on Tuesday. The business has a 50-day moving average of $8.84 and a 200-day moving average of $8.45. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $417.55 million, a PE ratio of 23.47, a P/E/G ratio of 1.53 and a beta of 0.89. ZIX has a 1-year low of $4.66 and a 1-year high of $11.15.
ZIX (NASDAQ:ZIXI) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). ZIX had a return on equity of 31.03% and a net margin of 1.55%. The company had revenue of $45.92 million for the quarter, compared to the consensus estimate of $44.53 million. During the same period in the previous year, the business posted $0.07 EPS. The business’s revenue for the quarter was up 162.4% on a year-over-year basis. On average, equities analysts expect that ZIX will post 0.33 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Quantamental Technologies LLC lifted its position in shares of ZIX by 71.1% during the first quarter. Quantamental Technologies LLC now owns 5,817 shares of the software maker’s stock worth $40,000 after purchasing an additional 2,417 shares during the last quarter. NEXT Financial Group Inc bought a new position in ZIX in the second quarter worth about $42,000. Manchester Capital Management LLC bought a new position in ZIX in the second quarter worth about $44,000. Hillsdale Investment Management Inc. lifted its holdings in ZIX by 5.9% in the second quarter. Hillsdale Investment Management Inc. now owns 90,300 shares of the software maker’s stock worth $821,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in ZIX by 0.8% in the second quarter. Northern Trust Corp now owns 651,643 shares of the software maker’s stock worth $5,923,000 after acquiring an additional 5,339 shares during the last quarter. 72.84% of the stock is currently owned by institutional investors and hedge funds.
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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