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.

TRADEMARK VIOLATION NOTICE: “ZIX (ZIXI) Reaches New 12-Month Low at $4.24” was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://theolympiareport.com/2017/12/06/zix-zixi-reaches-new-12-month-low-at-4-24.html.

About ZIX

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.

Receive News & Ratings for Zix Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zix Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.