Zix Corp. (NASDAQ:ZIXI) shares shot up 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 changing hands. The stock had previously closed at $4.16.

A number of research firms recently issued reports on ZIXI. Zacks Investment Research downgraded shares of Zix Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Imperial Capital reiterated an “outperform” rating and issued a $5.50 price objective on shares of Zix Corp. in a research report on Monday.

The stock has a market capitalization of $218.93 million and a price-to-earnings ratio of 41.35. The firm has a 50-day moving average price of $3.98 and a 200 day moving average price of $4.00.

Zix Corp. (NASDAQ:ZIXI) last released its earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. During the same quarter last year, the business posted $0.04 EPS. The firm earned $14.90 million during the quarter, compared to analyst estimates of $14.70 million. The firm’s revenue was up 12.0% on a year-over-year basis. Analysts expect that Zix Corp. will post $0.24 EPS for the current year.

In other news, Director Richard Spurr sold 66,724 shares of the firm’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 in the company, valued at approximately $891,695.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

An institutional investor recently raised its position in Zix Corp. stock. Dimensional Fund Advisors LP boosted its stake in Zix Corp. (NASDAQ:ZIXI) by 4.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund 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 2.89% of Zix Corp. worth $8,162,000 at the end of the most recent quarter.

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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