Zacks Investment Research Reiterates “Hold” Rating for ZIX (NASDAQ:ZIXI)

Zacks Investment Research reiterated their hold rating on shares of ZIX (NASDAQ:ZIXI) in a research note released on Saturday morning, Zacks.com reports.

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. “

ZIXI has been the subject of a number of other reports. ValuEngine cut shares of ZIX from a sell rating to a strong sell rating in a report on Tuesday, October 15th. BidaskClub cut shares of ZIX from a hold rating to a sell rating in a report on Tuesday, August 20th. Finally, TheStreet cut shares of ZIX from a b- rating to a c+ rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. ZIX has a consensus rating of Hold and an average target price of $10.69.

ZIXI stock opened at $6.34 on Friday. The company has a debt-to-equity ratio of 4.01, a current ratio of 0.33 and a quick ratio of 0.33. ZIX has a 52-week low of $4.75 and a 52-week high of $11.15. The company has a 50-day moving average of $7.21 and a two-hundred day moving average of $8.35. The stock has a market capitalization of $348.89 million, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.29 and a beta of 0.89.

ZIX (NASDAQ:ZIXI) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.05). ZIX had a net margin of 1.55% and a return on equity of 31.03%. The firm had revenue of $45.92 million for the quarter, compared to the consensus estimate of $44.53 million. During the same quarter last year, the company earned $0.07 earnings per share. The firm’s revenue was up 162.4% on a year-over-year basis. Equities analysts expect that ZIX will post 0.33 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP acquired a new position in ZIX during the 1st quarter worth about $665,000. First Trust Advisors LP lifted its stake in ZIX by 10.1% during the 1st quarter. First Trust Advisors LP now owns 219,927 shares of the software maker’s stock worth $1,513,000 after acquiring an additional 20,149 shares in the last quarter. KAMES CAPITAL plc acquired a new position in ZIX during the 2nd quarter worth about $2,444,000. NEXT Financial Group Inc acquired a new position in ZIX during the 2nd quarter worth about $42,000. Finally, Taylor Frigon Capital Management LLC acquired a new position in ZIX during the 2nd quarter worth about $1,460,000. Institutional investors own 72.68% of the company’s stock.

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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