Zix Corp. (NASDAQ:ZIXI)’s share price rose 1.9% during mid-day trading on Monday . The company traded as high as $4.24 and last traded at $4.24, with a volume of 58,084 shares traded. The stock had previously closed at $4.16.

ZIXI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Zix Corp. from a “sell” rating to a “hold” rating and set a $4.25 price objective on the stock in a research report on Saturday, April 30th. Imperial Capital reissued an “outperform” rating and set a $5.50 price objective on shares of Zix Corp. in a research report on Monday.

The firm has a 50 day moving average price of $3.97 and a 200-day moving average price of $4.02. The firm has a market cap of $232.16 million and a P/E ratio of 43.85.

Zix Corp. (NASDAQ:ZIXI) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. During the same period in the previous year, the firm posted $0.04 EPS. The company earned $14.30 million during the quarter, compared to analysts’ expectations of $14.35 million. Zix Corp.’s revenue was up 9.2% compared to the same quarter last year. Equities research analysts expect that Zix Corp. will post $0.24 earnings per share for the current fiscal year.

In related news, Director Richard Spurr sold 66,724 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $3.77, for a total value of $251,549.48. Following the completion of the sale, the director now owns 236,524 shares of the company’s stock, valued at approximately $891,695.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

A hedge fund recently raised its stake in Zix Corp. stock. Dimensional Fund Advisors LP boosted its stake in shares of Zix Corp. (NASDAQ:ZIXI) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,606,779 shares of the company’s stock after buying an additional 73,359 shares during the period. Dimensional Fund Advisors LP owned about 2.89% of Zix Corp. worth $8,162,000 as of its most recent filing with the SEC.

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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