BidaskClub upgraded shares of ZIX (NASDAQ:ZIXI) from a hold rating to a buy rating in a research note published on Tuesday.

Separately, ValuEngine upgraded ZIX from a hold rating to a buy rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. ZIX has an average rating of Buy and a consensus price target of $5.17.

ZIXI opened at $5.60 on Tuesday. The company has a market cap of $303.61 million, a PE ratio of 70.63, a PEG ratio of 1.98 and a beta of 1.02. ZIX has a 1 year low of $3.82 and a 1 year high of $5.73.

ZIX (NASDAQ:ZIXI) last released its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $17.50 million for the quarter. ZIX had a positive return on equity of 10.61% and a negative net margin of 10.72%. analysts predict that ZIX will post 0.19 EPS for the current year.

Large investors have recently made changes to their positions in the business. Barclays PLC grew its position in ZIX by 217.8% in the first quarter. Barclays PLC now owns 28,835 shares of the software maker’s stock valued at $123,000 after acquiring an additional 19,762 shares during the period. Algert Global LLC bought a new stake in ZIX in the second quarter valued at $269,000. Migdal Insurance & Financial Holdings Ltd. grew its position in ZIX by 124.5% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 56,505 shares of the software maker’s stock valued at $305,000 after acquiring an additional 31,340 shares during the period. Van Hulzen Asset Management LLC grew its position in ZIX by 28.5% in the first quarter. Van Hulzen Asset Management LLC now owns 67,031 shares of the software maker’s stock valued at $286,000 after acquiring an additional 14,856 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in ZIX in the second quarter valued at $415,000. Hedge funds and other institutional investors own 69.12% of the company’s stock.

ZIX Company Profile

Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.

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