ZIX (NASDAQ:ZIXI) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Tuesday, ValuEngine reports.

Other analysts have also issued research reports about the company. Cowen initiated coverage on ZIX in a research note on Thursday, May 23rd. They issued an “outperform” rating and a $11.00 target price for the company. TheStreet downgraded shares of ZIX from a “b-” rating to a “c+” rating in a research note on Wednesday, August 14th. Zacks Investment Research upgraded shares of ZIX from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective for the company in a report on Saturday, August 10th. Finally, BidaskClub cut shares of ZIX from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $11.13.

NASDAQ:ZIXI traded down $0.17 during mid-day trading on Tuesday, hitting $7.28. 399,445 shares of the stock traded hands, compared to its average volume of 765,143. The business’s 50-day moving average price is $8.01 and its 200 day moving average price is $8.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.01. The company has a market cap of $408.94 million, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.50 and a beta of 0.94. ZIX has a 12-month low of $4.66 and a 12-month high of $11.15.

ZIX (NASDAQ:ZIXI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The company had revenue of $45.92 million for the quarter, compared to the consensus estimate of $44.53 million. ZIX had a return on equity of 31.03% and a net margin of 1.55%. The business’s revenue was up 162.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Analysts anticipate that ZIX will post 0.33 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc bought a new position in ZIX during the 2nd quarter worth approximately $42,000. Manchester Capital Management LLC bought a new stake in ZIX during the 2nd quarter valued at $44,000. Quantamental Technologies LLC raised its holdings in ZIX by 71.1% during the 1st quarter. Quantamental Technologies LLC now owns 5,817 shares of the software maker’s stock valued at $40,000 after buying an additional 2,417 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in ZIX during the 2nd quarter valued at $91,000. Finally, First Quadrant L P CA purchased a new stake in ZIX during the 2nd quarter valued at $93,000. 72.63% of the stock is owned by institutional investors.

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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