ZIX (NASDAQ:ZIXI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday, BidAskClub reports.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of ZIX from a “b-” rating to a “c+” rating in a report on Wednesday, August 14th. ValuEngine upgraded shares of ZIX from a “sell” rating to a “hold” rating in a research note on Sunday, November 10th. Wedbush initiated coverage on shares of ZIX in a research note on Thursday, November 7th. They issued an “outperform” rating and a $10.00 target price for the company. Zacks Investment Research upgraded shares of ZIX from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Cowen set a $9.00 target price on shares of ZIX and gave the company a “buy” rating in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. ZIX presently has a consensus rating of “Hold” and a consensus target price of $10.15.

Shares of ZIXI stock opened at $6.39 on Thursday. The firm has a market cap of $356.19 million, a price-to-earnings ratio of 19.97, a PEG ratio of 1.39 and a beta of 0.94. The company’s 50 day moving average is $7.01 and its 200 day moving average is $8.00. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 4.17. ZIX has a 52-week low of $5.25 and a 52-week high of $11.15.

ZIX (NASDAQ:ZIXI) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.04. The company had revenue of $47.80 million for the quarter, compared to analyst estimates of $47.17 million. ZIX had a negative net margin of 1.64% and a positive return on equity of 41.08%. ZIX’s revenue was up 167.0% compared to the same quarter last year. During the same period last year, the company posted $0.09 earnings per share. Analysts anticipate that ZIX will post 0.34 EPS for the current fiscal year.

In other ZIX news, VP Dave Robertson sold 50,828 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $7.41, for a total value of $376,635.48. Following the completion of the sale, the vice president now directly owns 288,096 shares in the company, valued at $2,134,791.36. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 20.20% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC acquired a new stake in ZIX in the third quarter valued at approximately $32,000. Manchester Capital Management LLC acquired a new stake in ZIX in the second quarter valued at approximately $44,000. Wedbush Securities Inc. acquired a new stake in ZIX in the third quarter valued at approximately $90,000. Fox Run Management L.L.C. acquired a new stake in shares of ZIX during the third quarter worth $100,000. Finally, Jane Street Group LLC acquired a new stake in shares of ZIX during the second quarter worth $114,000. Institutional investors own 72.04% of the company’s stock.

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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