ZIX (NASDAQ:ZIXI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday, Zacks.com reports. The firm currently has a $12.00 target price on the software maker’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.39% from the company’s current price.
According to Zacks, “Zix Corporation is the leading provider of hosted email encryption and e-prescribing services. ZixCorp’s hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies. “
A number of other research firms also recently issued reports on ZIXI. BidaskClub raised ZIX from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. Craig Hallum set a $14.00 target price on ZIX and gave the company a “buy” rating in a research report on Friday, May 3rd. Northland Securities reaffirmed a “buy” rating and issued a $10.00 target price on shares of ZIX in a research report on Friday, May 3rd. Finally, ValuEngine downgraded ZIX from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.00.
ZIX (NASDAQ:ZIXI) last released its earnings results on Thursday, February 28th. The software maker reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $18.45 million for the quarter, compared to the consensus estimate of $18.31 million. ZIX had a return on equity of 20.13% and a net margin of 8.75%. Research analysts expect that ZIX will post 0.29 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC grew its holdings in ZIX by 71.1% during the first quarter. Quantamental Technologies LLC now owns 5,817 shares of the software maker’s stock worth $40,000 after purchasing an additional 2,417 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in ZIX by 21.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,039 shares of the software maker’s stock worth $143,000 after purchasing an additional 4,499 shares during the period. New York State Common Retirement Fund grew its holdings in ZIX by 9.7% during the first quarter. New York State Common Retirement Fund now owns 71,802 shares of the software maker’s stock worth $494,000 after purchasing an additional 6,321 shares during the period. First Trust Advisors LP grew its holdings in ZIX by 4.1% during the fourth quarter. First Trust Advisors LP now owns 199,778 shares of the software maker’s stock worth $1,145,000 after purchasing an additional 7,924 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its holdings in ZIX by 30.6% during the first quarter. Campbell & CO Investment Adviser LLC now owns 34,811 shares of the software maker’s stock worth $239,000 after purchasing an additional 8,166 shares during the period. Institutional investors and hedge funds own 73.85% of the company’s stock.
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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