Zix Co. (ZIXI) Receives $5.13 Consensus PT from Analysts

Shares of Zix Co. (NASDAQ:ZIXI) have been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $5.13.

Several equities analysts have commented on ZIXI shares. BidaskClub cut shares of ZIX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 25th. ValuEngine raised shares of ZIX from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd.

In other news, Director Robert C. Hausmann sold 52,927 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $5.66, for a total transaction of $299,566.82. Following the completion of the sale, the director now owns 71,285 shares in the company, valued at approximately $403,473.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.70% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. California Public Employees Retirement System increased its stake in shares of ZIX by 6.8% during the 2nd quarter. California Public Employees Retirement System now owns 188,522 shares of the software maker’s stock worth $1,016,000 after purchasing an additional 12,022 shares during the last quarter. GMT Capital Corp purchased a new stake in shares of ZIX during the 2nd quarter worth approximately $883,000. MetLife Investment Advisors LLC purchased a new stake in shares of ZIX during the 2nd quarter worth approximately $140,000. Metropolitan Life Insurance Co. NY purchased a new stake in shares of ZIX during the 2nd quarter worth approximately $100,000. Finally, Macquarie Group Ltd. increased its stake in shares of ZIX by 62.0% during the 2nd quarter. Macquarie Group Ltd. now owns 24,300 shares of the software maker’s stock worth $131,000 after purchasing an additional 9,300 shares during the last quarter. Institutional investors own 69.06% of the company’s stock.

Shares of ZIX stock remained flat at $$4.83 during mid-day trading on Wednesday. 480,571 shares of the company’s stock traded hands, compared to its average volume of 179,889. ZIX has a 1 year low of $3.82 and a 1 year high of $5.93. The company has a market cap of $261.61 million, a PE ratio of 60.38 and a beta of 0.97.

ZIX (NASDAQ:ZIXI) last posted its earnings results on Tuesday, July 31st. The software maker reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. ZIX had a negative net margin of 10.72% and a positive return on equity of 10.74%. The firm had revenue of $17.50 million for the quarter.

ZIX Company Profile

Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.

Further Reading: What is a Leveraged Buyout (LBO)?

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