Look At Analyst Expectations For A Better Read On Zix Corporation (NASDAQ: ZIXI)


    The Vanguard Group, Inc. recently announced the acquisition of new stake in Zix Corporation (NASDAQ:ZIXI). The institutional investor has increased its shareholding in the Technology company by 28.05% to 3.33 million shares with purchase of 0.73 million shares. This fresh investment now brings its stake to 5.85% valued currently at $22.37 million. In addition, GO ETF Solutions LLP raised its holdings by 0.49 million to 2.39 million shares. And DWS Investment GmbH has lifted its position by 4.72% or 57643.0 shares – to 1.28 million shares.

    With over 0.56 million Zix Corporation (ZIXI) shares trading Tuesday and a closing price of $6.73 on the day, the dollar volume was approximately $3.79 million. The shares have shown a positive weekly performance of 1.05% and its price on 07/07/20 lost nearly -3.51%. Currently, there are 53.50M common shares owned by the public and among those 52.33M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for ZIXI have a consensus price objective of $9.80. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $9.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Zix Corporation stock is 1.60 for the next 12 months. The average price target is 31.33% above its last price level and an upside to the estimated low will see the stock gain 25.22% over that period. But an upside of 38.82% will see the stock hit the forecast high price target while mean target price for the stock is $10.00.

    Insiders at the company have transacted a total of 57 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 920,854 shares. Insider sales of the common stock occurred on 39 occasions, with total insider shares sold totaling 349,400 shares.

    The top 3 mutual fund holders in Zix Corporation are L&G ISE Cyber Security UCITS ETF, Vanguard Total Stock Market Index, and ETFMG Prime Cyber Security ETF. L&G ISE Cyber Security UCITS ETF owns 4.56 million shares of the company’s stock, all valued at over $30.66 million. The company bought an additional 31570.0 shares recently to bring their total holdings to about 8.01% of the shares outstanding. Vanguard Total Stock Market Index sold -0.16 million shares to see its total holdings shrink to 1.96 million shares valued at over $13.2 million and representing 3.45% of the shares outstanding. ETFMG Prime Cyber Security ETF has total holdings to over 1.25 million shares at a value of $8.38 million. ETFMG Prime Cyber Security ETF now owns shares totaling to 2.19% of the shares outstanding.

    Shares of Zix Corporation (NASDAQ: ZIXI) opened at $6.91, down -$0.06 from a prior closing price of $6.97. However, the script later closed the day at $6.73, down -3.51%. The company’s stock has a 5-day price change of 1.05% and 67.83% over the past three months. ZIXI shares are trading -0.74% year to date (YTD), with the 12-month market performance down to -33.89% lower. It has a 12-month low price of $2.84 and touched a high of $10.51 over the same period. Currently, 0.56 million shares have been traded, compared to an average intraday trading volume of 1.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.09%, 5.10%, and 1.89% respectively.

    Institutional ownership of Zix Corporation (NASDAQ: ZIXI) shares accounts for 68.30% of the company’s 53.50M shares outstanding. Mutual fund holders own 33.32%, while other institutional holders and individual stakeholders account for 34.25% and 20.25% respectively.

    It has a market capitalization of $386.98M and a beta (3y monthly) value of 1.39. The stock’s earnings-per-share (ttm) stands at -$0.36. The company has a Quick Ratio of 0.50 with the debt-to-equity ratio at 5.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.58% over the week and 5.99% over the month.

    Analysts forecast that Zix Corporation (ZIXI) will achieve an EPS of $0.14 for the current quarter, $0.14 for the next quarter and $0.64 for 2021. The lowest estimate earnings-per-share for the quarter is $0.13 while analysts give the company a high EPS estimate of $0.14. Comparatively, EPS for the current quarter was $0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -260.90%, and 11.58% over the next financial year. EPS should grow at an annualized rate of 20.00% over the next five years, compared to -54.10% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Zix Corporation (ZIXI) as a “Strong Buy” at a consensus score of 1.60. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the ZIXI, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on March 27, 2020, with the firm’s price target at $14-$9. Cowen coverage for the Zix Corporation (ZIXI) stock in a research note released on May 23, 2019 offered a Outperform rating with a price target of $11. Northland Capital was of a view on November 16, 2018 that the stock is Outperform, while Imperial Capital gave the stock In-line rating on February 27, 2018, issuing a price target of $5.50- $4.50. Dougherty & Company on their part issued Buy rating on November 16, 2017.


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