Zix Co. (NASDAQ:ZIXI) has received an average rating of “Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $6.08.

Several brokerages recently issued reports on ZIXI. TheStreet raised shares of ZIX from a “c+” rating to a “b-” rating in a research note on Friday, November 2nd. ValuEngine raised shares of ZIX from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. BidaskClub lowered shares of ZIX from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. Finally, Craig Hallum raised shares of ZIX from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Wednesday, October 24th.

Several institutional investors have recently added to or reduced their stakes in ZIXI. Legal & General Group Plc lifted its stake in shares of ZIX by 29.7% in the second quarter. Legal & General Group Plc now owns 1,586,889 shares of the software maker’s stock valued at $8,554,000 after buying an additional 363,840 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in shares of ZIX in the third quarter valued at $1,543,000. Cadence Capital Management LLC lifted its stake in shares of ZIX by 44.5% in the third quarter. Cadence Capital Management LLC now owns 669,832 shares of the software maker’s stock valued at $3,718,000 after buying an additional 206,249 shares in the last quarter. Martingale Asset Management L P bought a new position in shares of ZIX in the third quarter valued at $1,067,000. Finally, First Trust Advisors LP bought a new position in shares of ZIX in the third quarter valued at $1,065,000. 69.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ ZIXI opened at $6.67 on Friday. The firm has a market cap of $361.28 million, a P/E ratio of 83.38, a P/E/G ratio of 1.65 and a beta of 0.67. ZIX has a 12-month low of $3.82 and a 12-month high of $7.09.

ZIX (NASDAQ:ZIXI) last issued its earnings results on Tuesday, October 23rd. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. The business had revenue of $17.90 million for the quarter, compared to analyst estimates of $17.73 million. ZIX had a negative net margin of 9.72% and a positive return on equity of 12.65%. ZIX’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, analysts predict that ZIX will post 0.27 EPS for the current year.

About ZIX

Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.

Featured Story: What is Considered a Good Return on Equity (ROE)?

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