ZIX (NASDAQ:ZIXI) Lowered to “Buy” at ValuEngine

ValuEngine lowered shares of ZIX (NASDAQ:ZIXI) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning, ValuEngine reports.

ZIXI has been the subject of several other research reports. Zacks Investment Research raised shares of ZIX from a hold rating to a buy rating and set a $12.00 price target for the company in a report on Saturday, May 11th. Craig Hallum set a $14.00 price target on shares of ZIX and gave the company a buy rating in a report on Friday, May 3rd. BidaskClub lowered shares of ZIX from a buy rating to a hold rating in a report on Wednesday, July 17th. Cowen initiated coverage on shares of ZIX in a report on Thursday, May 23rd. They issued an outperform rating and a $11.00 price target for the company. Finally, Northland Securities reissued a buy rating and issued a $10.00 price target on shares of ZIX in a report on Friday, May 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. ZIX presently has an average rating of Buy and an average price target of $11.75.

Shares of ZIX stock traded down $0.18 on Thursday, hitting $9.15. 1,972,515 shares of the company’s stock traded hands, compared to its average volume of 785,722. The firm has a 50-day moving average price of $9.42. The company has a market cap of $536.61 million, a PE ratio of 28.59, a PEG ratio of 2.06 and a beta of 0.89. ZIX has a one year low of $4.66 and a one year high of $11.15. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 3.37.

ZIX (NASDAQ:ZIXI) last issued its earnings results on Thursday, August 1st. The software maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). ZIX had a net margin of 8.75% and a return on equity of 20.21%. The business had revenue of $45.92 million for the quarter, compared to the consensus estimate of $44.53 million. During the same quarter in the previous year, the firm posted $0.07 EPS. The business’s revenue was up 162.4% on a year-over-year basis. Research analysts expect that ZIX will post 0.29 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC boosted its stake in ZIX by 71.1% in the 1st 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. NEXT Financial Group Inc acquired a new position in ZIX in the 2nd quarter worth $42,000. Macquarie Group Ltd. boosted its stake in ZIX by 1,108.8% in the 4th quarter. Macquarie Group Ltd. now owns 9,670 shares of the software maker’s stock worth $55,000 after purchasing an additional 8,870 shares during the period. BNP Paribas Arbitrage SA boosted its stake in ZIX by 63,870.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,875 shares of the software maker’s stock worth $75,000 after purchasing an additional 10,858 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in ZIX in the 2nd quarter worth $91,000. 72.80% of the stock is owned by institutional investors.

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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