ZIX (NASDAQ:ZIXI) Rating Lowered to Sell at BidaskClub

BidaskClub lowered shares of ZIX (NASDAQ:ZIXI) from a hold rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

ZIXI has been the topic of a number of other reports. 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 report on Saturday, August 10th. Cowen assumed coverage on shares of ZIX in a report on Thursday, May 23rd. They issued an outperform rating and a $11.00 price target on the stock. ValuEngine downgraded shares of ZIX from a buy rating to a hold rating in a report on Thursday, August 8th. TheStreet downgraded shares of ZIX from a b- rating to a c+ rating in a report on Wednesday, August 14th. Finally, Craig Hallum set a $14.00 price target on shares of ZIX and gave the stock a buy rating in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $11.13.

Shares of ZIX stock opened at $7.72 on Tuesday. ZIX has a 12-month low of $4.66 and a 12-month high of $11.15. The company has a market cap of $429.22 million, a price-to-earnings ratio of 24.13, a PEG ratio of 1.55 and a beta of 0.89. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.01. The company’s 50-day moving average price is $8.88 and its 200-day moving average price is $8.45.



ZIX (NASDAQ:ZIXI) last announced its quarterly earnings results 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). ZIX had a return on equity of 31.03% and a net margin of 1.55%. The firm had revenue of $45.92 million during the quarter, compared to analysts’ expectations of $44.53 million. During the same period in the previous year, the company posted $0.07 earnings per share. The company’s quarterly revenue was up 162.4% compared to the same quarter last year. On average, sell-side analysts predict that ZIX will post 0.33 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in shares of ZIX by 2,185.1% in the first quarter. Bank of Montreal Can now owns 16,453 shares of the software maker’s stock worth $113,000 after purchasing an additional 15,733 shares during the last quarter. GMT Capital Corp bought a new position in shares of ZIX in the first quarter worth approximately $167,000. Metropolitan Life Insurance Co. NY increased its position in shares of ZIX by 343.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 18,543 shares of the software maker’s stock worth $106,000 after purchasing an additional 14,362 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of ZIX in the first quarter worth approximately $336,000. Finally, Assenagon Asset Management S.A. increased its position in shares of ZIX by 586.1% in the first 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. Institutional investors own 72.84% 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.

Featured Story: Technical Analysis

Receive News & Ratings for ZIX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ZIX and related companies with MarketBeat.com's FREE daily email newsletter.