ZIX (NASDAQ:ZIXI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

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. “

A number of other equities research analysts have also recently commented on the company. Dougherty & Co lowered their target price on ZIX from $7.00 to $5.75 and set a “buy” rating on the stock in a research note on Thursday, November 16th. BidaskClub upgraded ZIX from a “strong sell” rating to a “sell” rating in a research note on Friday, December 15th. Finally, TheStreet cut ZIX from a “b” rating to a “c+” rating in a research note on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $5.83.

ZIX (ZIXI) traded down $0.20 during midday trading on Friday, hitting $3.90. The stock had a trading volume of 782,430 shares, compared to its average volume of 192,557. The company has a market cap of $228.57, a PE ratio of -24.38, a price-to-earnings-growth ratio of 1.44 and a beta of 1.08. ZIX has a 12 month low of $3.82 and a 12 month high of $6.67.

ZIX (NASDAQ:ZIXI) last released its earnings results on Thursday, February 22nd. The software maker reported $0.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.08. The company had revenue of $16.80 million for the quarter, compared to analysts’ expectations of $16.72 million. ZIX had a positive return on equity of 11.01% and a negative net margin of 12.27%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 EPS. sell-side analysts expect that ZIX will post 0.19 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Grandeur Peak Global Advisors LLC bought a new stake in ZIX in the 4th quarter valued at about $122,000. Cornercap Investment Counsel Inc. raised its stake in ZIX by 39.5% in 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 during the period. SG Americas Securities LLC bought a new stake in ZIX in the 3rd quarter valued at about $539,000. Isthmus Partners LLC bought a new stake in ZIX in the 3rd quarter valued at about $378,000. Finally, Parametric Portfolio Associates LLC raised its stake in ZIX by 356.7% in 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 during the period. Institutional investors and hedge funds own 64.11% of the company’s stock.

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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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