ZIX (NASDAQ:ZIXI) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of ZIX (NASDAQ:ZIXI) from a sell rating to a hold rating in a research note issued to investors on Tuesday, BidAskClub reports.

ZIXI has been the subject of several other reports. TheStreet cut ZIX from a b- rating to a c+ rating in a research report on Wednesday, August 14th. Zacks Investment Research cut ZIX from a hold rating to a sell rating in a research report on Saturday, November 9th. Wedbush started coverage on ZIX in a research report on Thursday, November 7th. They set an outperform rating and a $10.00 price target for the company. Cowen set a $9.00 price target on ZIX and gave the stock a buy rating in a research report on Friday, November 1st. Finally, ValuEngine upgraded ZIX from a sell rating to a hold rating in a research report on Sunday, November 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. ZIX currently has an average rating of Hold and an average price target of $10.15.

NASDAQ ZIXI traded up $0.06 during trading hours on Tuesday, reaching $7.20. The stock had a trading volume of 371,800 shares, compared to its average volume of 729,785. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.34 and a current ratio of 0.34. ZIX has a 52-week low of $5.25 and a 52-week high of $11.15. The stock has a market cap of $395.77 million, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.89. The stock has a fifty day moving average of $6.84 and a 200 day moving average of $8.29.

ZIX (NASDAQ:ZIXI) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.04. ZIX had a positive return on equity of 41.08% and a negative net margin of 1.64%. The firm had revenue of $47.80 million during the quarter, compared to analysts’ expectations of $47.17 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue for the quarter was up 167.0% on a year-over-year basis. On average, equities research analysts forecast that ZIX will post 0.34 EPS for the current year.

A number of large investors have recently modified their holdings of ZIXI. Greenwood Capital Associates LLC purchased a new position in shares of ZIX during the 2nd quarter worth $166,000. RK Capital Management LLC purchased a new position in shares of ZIX during the 2nd quarter worth $4,787,000. Allianz Asset Management GmbH grew its holdings 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 period. Jane Street Group LLC purchased a new position in shares of ZIX during the 2nd quarter worth $114,000. Finally, BlackRock Inc. grew its holdings 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 period. Institutional investors own 75.04% 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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