ZIX (NASDAQ:ZIXI) was upgraded by research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, February 4th.
ZIXI has been the topic of a number of other reports. Craig Hallum raised ZIX from a “hold” rating to a “buy” rating and set a $8.00 price objective on the stock in a report on Wednesday, October 24th. BidaskClub raised ZIX from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Zacks Investment Research raised ZIX from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Saturday, December 15th. Northland Securities started coverage on ZIX in a report on Friday, November 16th. They set an “outperform” rating and a $9.00 price objective on the stock. Finally, TheStreet upgraded ZIX from a “c+” rating to a “b-” rating in a research report on Friday, November 2nd. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $7.83.
Shares of NASDAQ ZIXI traded down $1.49 during trading hours on Monday, reaching $7.54. 1,792,163 shares of the stock traded hands, compared to its average volume of 550,423. The stock has a market cap of $480.19 million, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.55 and a beta of 0.99. ZIX has a 52-week low of $4.03 and a 52-week high of $9.07.
Several hedge funds have recently modified their holdings of ZIXI. Isthmus Partners LLC bought a new stake in shares of ZIX during the fourth quarter valued at approximately $1,262,000. Sawgrass Asset Management LLC purchased a new position in ZIX during the fourth quarter valued at $205,000. Martingale Asset Management L P purchased a new position in ZIX during the third quarter valued at $1,067,000. ClariVest Asset Management LLC raised its stake in ZIX by 296.4% during the fourth quarter. ClariVest Asset Management LLC now owns 658,904 shares of the software maker’s stock valued at $3,776,000 after buying an additional 492,683 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in ZIX by 19.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 177,279 shares of the software maker’s stock valued at $1,016,000 after buying an additional 29,345 shares during the last quarter. Hedge funds and other institutional investors own 72.66% of the company’s stock.
ZIX Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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