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

ZIX (NASDAQ:ZIXI) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of ZIX from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 4th. Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Cowen lowered their price objective on shares of Nordstrom from $44.00 to $36.00 and set a “market perform” rating for the company in a research report on Thursday, May 23rd. Craig Hallum set a $43.00 price objective on shares of Carbonite and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Northland Securities restated a “buy” rating and issued a $100.00 price objective on shares of Fortinet in a research report on Friday, May 3rd. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. ZIX currently has an average rating of “Buy” and an average price target of $11.75.

Shares of ZIX stock opened at $9.37 on Wednesday. The firm has a market cap of $537.70 million, a PE ratio of 29.28, a P/E/G ratio of 2.26 and a beta of 0.89. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 3.37. The stock’s 50-day moving average price is $9.37. ZIX has a 12-month low of $4.66 and a 12-month high of $11.15.

ZIX (NASDAQ:ZIXI) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $29.30 million during the quarter, compared to analyst estimates of $27.19 million. ZIX had a net margin of 8.75% and a return on equity of 20.21%. The company’s revenue was up 75.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. On average, equities analysts predict that ZIX will post 0.29 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of ZIXI. Assenagon Asset Management S.A. boosted its stake in shares of ZIX by 586.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,216,389 shares of the software maker’s stock valued at $8,369,000 after purchasing an additional 1,039,110 shares during the last quarter. Millennium Management LLC boosted its stake in shares of ZIX by 144.6% in the 4th quarter. Millennium Management LLC now owns 489,609 shares of the software maker’s stock valued at $2,805,000 after purchasing an additional 289,437 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of ZIX by 146.3% in the 1st quarter. Acadian Asset Management LLC now owns 482,264 shares of the software maker’s stock valued at $3,318,000 after purchasing an additional 286,486 shares during the last quarter. KAMES CAPITAL plc bought a new position in shares of ZIX in the 2nd quarter valued at about $2,444,000. Finally, Deutsche Bank AG boosted its stake in shares of ZIX by 226.6% in the 4th quarter. Deutsche Bank AG now owns 348,503 shares of the software maker’s stock valued at $1,994,000 after purchasing an additional 241,788 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors.

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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