Zix Co. (ZIXI) Rating Reiterated by Imperial Capital

Zix Co. (NASDAQ:ZIXI)‘s stock had its “outperform” rating reiterated by stock analysts at Imperial Capital in a note issued to investors on Thursday. They presently have a $6.00 price objective on the stock. Imperial Capital’s target price would suggest a potential upside of 18.34% from the company’s current price.

Zix (NASDAQ:ZIXI) opened at 5.07 on Thursday. Zix has a one year low of $3.55 and a one year high of $5.41. The firm has a market capitalization of $268.47 million, a price-to-earnings ratio of 46.94 and a beta of 1.37. The company has a 50-day moving average of $5.00 and a 200 day moving average of $4.57.

Zix (NASDAQ:ZIXI) last released its earnings results on Thursday, February 9th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Zix had a net margin of 9.70% and a return on equity of 18.95%. The firm had revenue of $15.60 million for the quarter, compared to analyst estimates of $15.57 million. During the same period last year, the firm earned $0.07 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Zix will post $0.28 EPS for the current year.

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A number of institutional investors have recently added to or reduced their stakes in ZIXI. BlackRock Inc. raised its position in Zix by 65.1% in the third quarter. BlackRock Inc. now owns 57,191 shares of the company’s stock valued at $235,000 after buying an additional 22,560 shares in the last quarter. Wells Fargo & Company MN raised its position in Zix by 60.2% in the third quarter. Wells Fargo & Company MN now owns 86,575 shares of the company’s stock valued at $355,000 after buying an additional 32,535 shares in the last quarter. SECOR Capital Advisors LP raised its position in Zix by 95.8% in the third quarter. SECOR Capital Advisors LP now owns 107,668 shares of the company’s stock valued at $441,000 after buying an additional 52,692 shares in the last quarter. Acadian Asset Management LLC raised its position in Zix by 907.2% in the third quarter. Acadian Asset Management LLC now owns 108,364 shares of the company’s stock valued at $444,000 after buying an additional 97,605 shares in the last quarter. Finally, Martin & Co. Inc. TN raised its position in Zix by 2.6% in the third quarter. Martin & Co. Inc. TN now owns 160,710 shares of the company’s stock valued at $659,000 after buying an additional 4,000 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

About Zix

Zix Corporation (ZixCorp) 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 in the segment of e-mail encryption and security solutions. The Company’s Zix Email Encryption enables the secure exchange of e-mails that include sensitive information through a secure messaging service.

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