Zix Corp. (NASDAQ:ZIXI)’s share price traded down 3.4% on Friday . The stock traded as low as $3.70 and last traded at $3.70, with a volume of 56,276 shares changing hands. The stock had previously closed at $3.83.

Several equities analysts recently weighed in on the stock. TheStreet cut shares of Zix Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Zacks Investment Research cut shares of Zix Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, Imperial Capital reissued an “outperform” rating and issued a $5.50 target price on shares of Zix Corp. in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.50.

The company has a 50-day moving average price of $3.91 and a 200-day moving average price of $3.95. The company has a market capitalization of $194.45 million and a PE ratio of 41.82.

Zix Corp. (NASDAQ:ZIXI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. During the same period last year, the firm posted $0.04 earnings per share. The business earned $14.90 million during the quarter, compared to analyst estimates of $14.70 million. Zix Corp.’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts predict that Zix Corp. will post $0.24 EPS for the current year.

A hedge fund recently raised its stake in Zix Corp. stock. Dimensional Fund Advisors LP raised its stake in shares of Zix Corp. (NASDAQ:ZIXI) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 2.89% of Zix Corp. worth $8,162,000 as of its most recent SEC filing.

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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