ZIX (ZIXI) Reaches New 12-Month Low at $4.24
Zix Corporation (NASDAQ:ZIXI)’s share price reached a new 52-week low on Tuesday . The company traded as low as $4.24 and last traded at $4.27, with a volume of 208000 shares traded. The stock had previously closed at $4.49.
ZIXI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of ZIX from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Tuesday, October 31st. Dougherty & Co dropped their price target on shares of ZIX from $7.00 to $5.75 and set a “buy” rating for the company in a research report on Thursday, November 16th.
The stock has a market capitalization of $250.32, a PE ratio of 29.93, a price-to-earnings-growth ratio of 2.30 and a beta of 1.27.
ZIX (NASDAQ:ZIXI) last posted its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. The business had revenue of $16.60 million during the quarter, compared to analyst estimates of $16.83 million. ZIX had a net margin of 10.49% and a return on equity of 15.64%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 earnings per share. sell-side analysts anticipate that Zix Corporation will post 0.13 EPS for the current year.
In other ZIX news, VP Dave Robertson sold 10,179 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $4.63, for a total value of $47,128.77. Following the completion of the transaction, the vice president now directly owns 133,282 shares in the company, valued at $617,095.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ZIXI. KCG Holdings Inc. purchased a new position in shares of ZIX in the first quarter worth $129,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of ZIX by 15.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 40,824 shares of the software maker’s stock worth $196,000 after buying an additional 5,455 shares in the last quarter. Cigna Investments Inc. New purchased a new position in shares of ZIX in the second quarter worth $222,000. Parametric Portfolio Associates LLC lifted its holdings in shares of ZIX by 356.7% in the second quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after buying an additional 45,570 shares in the last quarter. Finally, Isthmus Partners LLC purchased a new position in shares of ZIX in the third quarter worth $378,000. 65.99% of the stock is currently owned by hedge funds and other institutional investors.
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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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