Northland Securities Reiterates Their Buy Rating on Zix (ZIXI)
Northland Securities analyst Nehal Chokshi reiterated a Buy rating on Zix (ZIXI) today and set a price target of $11.00. The company’s shares closed last Wednesday at $7.69.
According to TipRanks.com, Chokshi is a 5-star analyst with an average return of 12.4% and a 57.8% success rate. Chokshi covers the Technology sector, focusing on stocks such as Super Micro Computer, Palo Alto Networks, and Avid Technology.
Zix has an analyst consensus of Moderate Buy, with a price target consensus of $11.00.
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The company has a one-year high of $9.29 and a one-year low of $2.84. Currently, Zix has an average volume of 995.9K.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZIXI in relation to earlier this year. Most recently, in May 2020, Richard Spurr, a Director at ZIXI sold 22,294 shares for a total of $135,548.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Zix Corp. provides an email encryption and security solutions. Its services enable the use of secure email for sensitive information exchange primarily in the healthcare, financial services, insurance and government sectors. The company products include Zixencrypt, Zixprotech, Zixmail, Zixarchive and Zixone. Zix Corp was founded in 1988 and is headquartered in Dallas, TX.