ZIX (ZIXI) Sets New 52-Week Low at $4.24

Zix Corporation (NASDAQ:ZIXI) shares reached a new 52-week low on Tuesday . The stock traded as low as $4.24 and last traded at $4.27, with a volume of 208000 shares trading hands. The stock had previously closed at $4.49.

ZIXI has been the topic of several research reports. Dougherty & Co dropped their price objective on shares of ZIX from $7.00 to $5.75 and set a “buy” rating on the stock in a research note on Thursday, November 16th. Zacks Investment Research upgraded shares of ZIX from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research note on Tuesday, October 31st.

The firm has a market cap of $236.35, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27.

ZIX (NASDAQ:ZIXI) last announced its quarterly earnings results on Tuesday, October 24th. The software maker reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. ZIX had a net margin of 10.49% and a return on equity of 15.64%. The company had revenue of $16.60 million for the quarter, compared to analyst estimates of $16.83 million. During the same quarter in the prior year, the business posted $0.07 EPS. ZIX’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts anticipate that Zix Corporation will post 0.13 earnings per share for the current year.

In related news, VP Dave Robertson sold 39,821 shares of the company’s stock in a transaction on Friday, November 17th. The shares were 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 Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of ZIX during the 3rd quarter worth $539,000. Isthmus Partners LLC bought a new stake in shares of ZIX during the 3rd quarter worth $378,000. EAM Investors LLC bought a new stake in shares of ZIX during the 2nd quarter worth $540,000. Parametric Portfolio Associates LLC boosted its holdings in shares of ZIX by 356.7% during the 2nd 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 during the period. Finally, Cigna Investments Inc. New bought a new stake in ZIX in the 2nd quarter valued at $222,000. 65.99% of the stock is owned by institutional investors and hedge funds.

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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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