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Zix Corp. (NASDAQ:ZIXI) was downgraded by Zacks to a “neutral” rating in a note issued to investors on Monday. They currently have a $4.00 target price on the stock. Zacks‘s target price indicates a potential upside of 8.40% from the company’s current price.

Separately, analysts at Dougherty & Co initiated coverage on shares of Zix Corp. in a research note on Thursday. They set a “buy” rating and a $5.00 price target on the stock.

In other Zix Corp. news, VP James F. Brashear sold 7,499 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $3.80, for a total transaction of $28,496.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Zix Corp. (NASDAQ:ZIXI) traded up 2.44% during mid-day trading on Monday, hitting $3.78. 181,877 shares of the company’s stock traded hands. Zix Corp. has a 52 week low of $2.90 and a 52 week high of $5.03. The stock has a 50-day moving average of $3.40 and a 200-day moving average of $3.77. The company has a market cap of $221.4 million and a price-to-earnings ratio of 22.78.

Zix Corp. (NASDAQ:ZIXI) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $12.60 million for the quarter, compared to the consensus estimate of $12.45 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts predict that Zix Corp. will post $0.15 earnings per share for the current fiscal year.

Zix Corporation’s (NASDAQ:ZIXI), is engaged in the provision of email encryption services.

To view Zacks’ full report, visit Zacks’ official website.

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