Zix Co. (NASDAQ:ZIXI) Given Average Rating of “Buy” by Brokerages

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Shares of Zix Co. (NASDAQ:ZIXI) have been given a consensus rating of “Buy” by the eight brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.50.

Several equities research analysts have recently issued reports on ZIXI shares. BidaskClub upgraded ZIX from a “hold” rating to a “buy” rating in a report on Wednesday, September 30th. Northland Securities reiterated a “buy” rating and issued a $11.00 target price on shares of ZIX in a report on Thursday, August 6th. Finally, Zacks Investment Research upgraded ZIX from a “sell” rating to a “hold” rating in a report on Saturday, October 10th.

Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in ZIX in the second quarter valued at $30,000. Fruth Investment Management purchased a new position in ZIX in the third quarter valued at about $58,000. Assenagon Asset Management S.A. purchased a new position in ZIX in the third quarter valued at about $79,000. State of Wisconsin Investment Board purchased a new position in ZIX in the second quarter valued at about $97,000. Finally, Point72 Hong Kong Ltd raised its position in ZIX by 1,071.1% in the second quarter. Point72 Hong Kong Ltd now owns 17,239 shares of the software maker’s stock valued at $119,000 after purchasing an additional 15,767 shares during the period. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Shares of ZIXI stock traded up $0.10 during mid-day trading on Friday, hitting $6.82. 1,208,930 shares of the company’s stock were exchanged, compared to its average volume of 950,580. ZIX has a fifty-two week low of $2.84 and a fifty-two week high of $9.29. The stock has a 50-day simple moving average of $5.96 and a two-hundred day simple moving average of $6.12. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 5.29. The stock has a market cap of $388.68 million, a price-to-earnings ratio of -21.98, a PEG ratio of 0.97 and a beta of 1.22.

ZIX (NASDAQ:ZIXI) last posted its quarterly earnings data on Wednesday, August 5th. The software maker reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). ZIX had a positive return on equity of 63.79% and a negative net margin of 3.64%. The business had revenue of $53.34 million for the quarter, compared to analyst estimates of $52.52 million. As a group, analysts anticipate that ZIX will post 0.37 earnings per share for the current fiscal year.

ZIX Company Profile

Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, and archiving for the secure exchange of email in the United States. The company offers Advanced Email Threat Protection, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spams, and viruses in email; Information Archive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery; Email Encryption Service that allows a user to send encrypted email to any email user anywhere and on any Internet-enabled device; cloud-based cybersecurity solutions; and e-signatures and secure file sharing solutions.

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