Zix Corp. (ZIXI) Director Sells $102,250.00 in Stock
Zix Corp. (NASDAQ:ZIXI) Director Richard Spurr sold 25,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $4.09, for a total transaction of $102,250.00. Following the sale, the director now directly owns 148,048 shares of the company’s stock, valued at $605,516.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Richard Spurr also recently made the following trade(s):
- On Monday, August 1st, Richard Spurr sold 1,952 shares of Zix Corp. stock. The shares were sold at an average price of $4.06, for a total transaction of $7,925.12.
Zix Corp. (NASDAQ:ZIXI) opened at 4.16 on Tuesday. The company’s 50 day moving average is $3.88 and its 200 day moving average is $3.91. The firm has a market cap of $219.81 million, a price-to-earnings ratio of 47.27 and a beta of 1.18. Zix Corp. has a 12-month low of $3.23 and a 12-month high of $5.78.
Zix Corp. (NASDAQ:ZIXI) last released its earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Zix Corp. had a net margin of 8.43% and a return on equity of 23.08%. The business earned $14.90 million during the quarter, compared to analyst estimates of $14.70 million. During the same period in the prior year, the business earned $0.04 earnings per share. The business’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities analysts anticipate that Zix Corp. will post $0.24 earnings per share for the current year.
Several research firms recently weighed in on ZIXI. Zacks Investment Research lowered shares of Zix Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Imperial Capital restated an “outperform” rating and set a $5.50 target price on shares of Zix Corp. in a report on Monday, July 25th. Finally, TheStreet lowered shares of Zix Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.50.
Several large investors have recently modified their holdings of ZIXI. Metropolitan Life Insurance Co. NY increased its stake in shares of Zix Corp. by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 42,754 shares of the company’s stock valued at $168,000 after buying an additional 241 shares during the period. Allianz Asset Management AG increased its stake in shares of Zix Corp. by 1.3% in the second quarter. Allianz Asset Management AG now owns 57,470 shares of the company’s stock valued at $216,000 after buying an additional 715 shares during the period. Stanley Laman Group Ltd. increased its stake in shares of Zix Corp. by 1.9% in the second quarter. Stanley Laman Group Ltd. now owns 47,008 shares of the company’s stock valued at $176,000 after buying an additional 870 shares during the period. Prudential Financial Inc. increased its stake in shares of Zix Corp. by 7.0% in the second quarter. Prudential Financial Inc. now owns 27,423 shares of the company’s stock valued at $103,000 after buying an additional 1,800 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Zix Corp. by 4.0% in the second quarter. Hillsdale Investment Management Inc. now owns 77,100 shares of the company’s stock valued at $289,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 64.93% of the company’s stock.
Zix Corp. Company Profile
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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