TheStreet Lowers ZIX (ZIXI) to C+

ZIX (NASDAQ:ZIXI) was downgraded by research analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Tuesday.

Several other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of ZIX from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub upgraded shares of ZIX from a “strong sell” rating to a “sell” rating in a research report on Friday, December 15th. Finally, Dougherty & Co dropped their price objective on shares of ZIX from $7.00 to $5.75 and set a “buy” rating for the company in a research note on Thursday, November 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.83.

ZIX (ZIXI) opened at $4.09 on Tuesday. ZIX has a 1 year low of $3.88 and a 1 year high of $6.67. The firm has a market cap of $225.86, a PE ratio of 31.46, a P/E/G ratio of 1.41 and a beta of 1.07.

In related news, VP Dave Robertson sold 10,179 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $4.63, for a total transaction of $47,128.77. Following the completion of the sale, the vice president now owns 133,282 shares of the company’s stock, valued at approximately $617,095.66. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornercap Investment Counsel Inc. grew its stake in ZIX by 39.5% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 175,020 shares of the software maker’s stock valued at $767,000 after acquiring an additional 49,545 shares in the last quarter. SG Americas Securities LLC purchased a new stake in ZIX during the 3rd quarter valued at about $539,000. Isthmus Partners LLC purchased a new stake in ZIX during the 3rd quarter valued at about $378,000. Finally, Parametric Portfolio Associates LLC grew its stake in ZIX by 356.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock valued at $332,000 after acquiring an additional 45,570 shares in the last quarter. 66.11% of the stock is owned by institutional investors.

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ZIX Company Profile

Zix Corporation offers e-mail encryption, data loss prevention and bring-your-own-device (BYOD) security to meet business data protection and compliance needs. The Company operates through e-mail encryption and security solutions. Its Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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