ZIX (NASDAQ:ZIXI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “

Several other equities research analysts have also recently weighed in on the stock. Imperial Capital reiterated an “in-line” rating and set a $4.50 price objective (down from $5.50) on shares of ZIX in a research report on Monday, February 26th. TheStreet cut shares of ZIX from a “b” rating to a “c+” rating in a report on Tuesday, February 13th. BidaskClub upgraded shares of ZIX from a “strong sell” rating to a “sell” rating in a report on Friday, December 15th. Finally, Dougherty & Co reduced their price target on shares of ZIX from $7.00 to $5.75 and set a “buy” rating for the company in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $5.17.

ZIX (NASDAQ:ZIXI) traded up $0.09 on Friday, hitting $4.17. 239,350 shares of the stock traded hands, compared to its average volume of 244,627. ZIX has a 52 week low of $3.82 and a 52 week high of $6.67. The firm has a market capitalization of $237.60, a PE ratio of 52.13, a PEG ratio of 1.43 and a beta of 1.07.

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

A number of large investors have recently bought and sold shares of ZIXI. SG Americas Securities LLC acquired a new stake in ZIX in the third quarter worth $539,000. Isthmus Partners LLC acquired a new stake in ZIX in the third quarter worth $378,000. Cornercap Investment Counsel Inc. grew its holdings in ZIX by 39.5% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 175,020 shares of the software maker’s stock worth $767,000 after purchasing an additional 49,545 shares during the period. Parametric Portfolio Associates LLC grew its holdings in 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 purchasing an additional 45,570 shares during the period. Finally, Grandeur Peak Global Advisors LLC acquired a new stake in ZIX in the fourth quarter worth $122,000. 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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