ZIX (NASDAQ:ZIXI) Downgraded to “C+” at TheStreet

TheStreet cut shares of ZIX (NASDAQ:ZIXI) from a b- rating to a c+ rating in a report published on Wednesday morning, TheStreetRatingsTable reports.

A number of other brokerages have also commented on ZIXI. BidaskClub lowered shares of ZIX from a buy rating to a hold rating in a report on Wednesday, July 17th. Craig Hallum set a $14.00 price objective on shares of ZIX and gave the stock a buy rating in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of ZIX from a hold rating to a strong-buy rating and set a $9.50 price objective on the stock in a report on Saturday, August 10th. Northland Securities restated a buy rating and set a $10.00 price objective on shares of ZIX in a report on Friday, May 3rd. Finally, Cowen began coverage on shares of ZIX in a report on Thursday, May 23rd. They set an outperform rating and a $11.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. ZIX has an average rating of Buy and an average price target of $11.13.

Shares of NASDAQ ZIXI opened at $7.74 on Wednesday. The company’s fifty day moving average is $9.07 and its 200-day moving average is $8.45. The stock has a market cap of $440.90 million, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.60 and a beta of 0.89. ZIX has a twelve month low of $4.66 and a twelve month high of $11.15. The company has a quick ratio of 0.44, a current ratio of 0.33 and a debt-to-equity ratio of 4.01.



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

Several large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of ZIX by 16.7% during the 2nd quarter. BlackRock Inc. now owns 4,417,424 shares of the software maker’s stock worth $40,154,000 after purchasing an additional 631,733 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of ZIX by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,417,344 shares of the software maker’s stock worth $13,851,000 after purchasing an additional 26,737 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of ZIX by 586.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,216,389 shares of the software maker’s stock worth $8,369,000 after purchasing an additional 1,039,110 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of ZIX by 702.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,156,503 shares of the software maker’s stock worth $10,512,000 after purchasing an additional 1,012,368 shares during the last quarter. Finally, ETF Managers Group LLC increased its stake in shares of ZIX by 3.3% during the 1st quarter. ETF Managers Group LLC now owns 1,077,973 shares of the software maker’s stock worth $7,416,000 after purchasing an additional 34,360 shares during the last quarter. Institutional investors and hedge funds own 72.76% of the company’s stock.

About ZIX

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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