Zix Co. (NASDAQ:ZIXI)’s share price was up 6.2% during mid-day trading on Wednesday . The company traded as high as $9.17 and last traded at $9.10. Approximately 980,602 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 782,859 shares. The stock had previously closed at $8.57.

A number of equities analysts have recently issued reports on ZIXI shares. ValuEngine cut ZIX from a “strong-buy” rating to a “buy” rating in a report on Monday, April 1st. Zacks Investment Research cut ZIX from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. BidaskClub raised ZIX from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 29th. Cowen started coverage on ZIX in a report on Thursday, May 23rd. They issued an “outperform” rating and a $11.00 target price for the company. Finally, Craig Hallum set a $14.00 target price on ZIX and gave the stock a “buy” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $11.75.

The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 3.37. The firm has a market capitalization of $478.26 million, a PE ratio of 28.44, a P/E/G ratio of 2.01 and a beta of 0.94.

ZIX (NASDAQ:ZIXI) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). ZIX had a net margin of 8.75% and a return on equity of 20.21%. The business had revenue of $29.30 million for the quarter, compared to analyst estimates of $27.19 million. During the same period in the prior year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 75.9% on a year-over-year basis. Equities research analysts anticipate that Zix Co. will post 0.29 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC increased its holdings in ZIX by 71.1% during the 1st quarter. Quantamental Technologies LLC now owns 5,817 shares of the software maker’s stock valued at $40,000 after purchasing an additional 2,417 shares in the last quarter. Macquarie Group Ltd. increased its holdings in ZIX by 1,108.8% during the 4th quarter. Macquarie Group Ltd. now owns 9,670 shares of the software maker’s stock valued at $55,000 after purchasing an additional 8,870 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in ZIX by 63,870.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,875 shares of the software maker’s stock valued at $75,000 after purchasing an additional 10,858 shares in the last quarter. Bank of Montreal Can increased its holdings in ZIX by 2,185.1% during the 1st quarter. Bank of Montreal Can now owns 16,453 shares of the software maker’s stock valued at $113,000 after purchasing an additional 15,733 shares in the last quarter. Finally, Bayesian Capital Management LP increased its holdings in ZIX by 38.3% during the 1st quarter. Bayesian Capital Management LP now owns 17,700 shares of the software maker’s stock valued at $122,000 after purchasing an additional 4,900 shares in the last quarter. 72.27% of the stock is owned by hedge funds and other institutional investors.

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About ZIX (NASDAQ:ZIXI)

Zix Corporation provides email encryption, data loss prevention (DLP), threat protection, archiving, and bring-your-own-device mobile security solutions for the healthcare, financial services, insurance, and government sectors primarily in the United States. The company offers ZixEncrypt that bundles email encryption and DLP capabilities to enable the secure exchange of email; ZixProtect, a cloud-based service that defends organizations from zero-day malware, ransomware, phishing, CEO fraud, W-2 phishing attacks, spam, and viruses in email; and ZixArchive, a cloud-based email retention solution that enables user retrieval, compliance, and e-discovery.

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