TheStreet cut shares of ZIX (NASDAQ:ZIXI) from a b rating to a c+ rating in a report released on Tuesday.

A number of other research analysts also recently commented on ZIXI. BidaskClub raised ZIX from a strong sell rating to a sell rating in a report on Friday, December 15th. Zacks Investment Research raised ZIX from a hold rating to a buy rating and set a $5.25 target price on the stock in a report on Tuesday, October 31st. Finally, Dougherty & Co reduced their target price on ZIX from $7.00 to $5.75 and set a buy rating on the stock in a report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $5.83.

ZIX (NASDAQ: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 company has a market capitalization of $225.79, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 1.42 and a beta of 1.08.

In other ZIX news, VP Dave Robertson sold 39,821 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $4.64, for a total transaction of $184,769.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 4.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ZIXI. SG Americas Securities LLC bought a new position in ZIX during the 3rd quarter worth approximately $539,000. Isthmus Partners LLC bought a new position in ZIX during the 3rd quarter worth approximately $378,000. Cornercap Investment Counsel Inc. lifted its holdings in ZIX by 39.5% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 175,020 shares of the software maker’s stock worth $767,000 after buying an additional 49,545 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of ZIX by 356.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 58,347 shares of the software maker’s stock worth $332,000 after purchasing an additional 45,570 shares during the last quarter. 66.11% of the stock is currently 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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