Zacks Investment Research upgraded shares of ZIX (NASDAQ:ZIXI) from a hold rating to a buy rating in a research report report published on Saturday morning. They currently have $7.00 price objective on the software maker’s stock.

According to Zacks, “Zix Corporation is the leading provider of hosted email encryption and e-prescribing services. ZixCorp’s hosted Email Encryption Service provides an easy and cost-effective way to ensure customer privacy and regulatory compliance for corporate email. Its PocketScript e-prescribing service reduces costs and improves patient care by automating the prescription process between payors, doctors, and pharmacies. “

ZIXI has been the subject of a number of other research reports. TheStreet raised ZIX from a c+ rating to a b- rating in a report on Friday, November 2nd. BidaskClub lowered ZIX from a buy rating to a hold rating in a report on Friday, September 21st. ValuEngine raised ZIX from a buy rating to a strong-buy rating in a report on Friday, October 26th. Craig Hallum raised ZIX from a hold rating to a buy rating and set a $8.00 price objective for the company in a report on Wednesday, October 24th. Finally, Northland Securities started coverage on ZIX in a report on Friday, November 16th. They set an outperform rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. ZIX currently has a consensus rating of Buy and a consensus target price of $7.13.

ZIXI stock opened at $6.25 on Friday. The stock has a market cap of $338.74 million, a price-to-earnings ratio of 62.50, a P/E/G ratio of 1.54 and a beta of 0.62. ZIX has a twelve month low of $3.82 and a twelve month high of $7.09.

ZIX (NASDAQ:ZIXI) last posted its earnings results on Tuesday, October 23rd. The software maker reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.01. The business had revenue of $17.90 million during the quarter, compared to analyst estimates of $17.73 million. ZIX had a positive return on equity of 12.33% and a negative net margin of 9.72%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. As a group, equities research analysts expect that ZIX will post 0.27 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY purchased a new position in shares of ZIX during the second quarter worth about $100,000. Citadel Advisors LLC purchased a new position in shares of ZIX during the second quarter worth about $106,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of ZIX during the third quarter worth about $113,000. Macquarie Group Ltd. grew its holdings in shares of ZIX by 62.0% during the second quarter. Macquarie Group Ltd. now owns 24,300 shares of the software maker’s stock worth $131,000 after purchasing an additional 9,300 shares in the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in shares of ZIX during the second quarter worth about $140,000. 71.33% of the stock is owned by institutional investors.

About ZIX

Zix Corporation provides email encryption, threat protection, archiving, bring-your-own-device security, and data loss prevention solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers Zix Email Encryption that allows an enterprise to use policy-driven rules to determine email messages that should be sent securely to comply with regulations or company-defined policies.

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