zSpace (NASDAQ:ZSPC) Trading 68.1% Higher – Should You Buy?

Shares of zSpace, Inc (NASDAQ:ZSPC) traded up 68.1% on Wednesday . The company traded as high as $0.30 and last traded at $0.2397. 460,356 shares changed hands during trading, a decline of 39% from the average session volume of 756,613 shares. The stock had previously closed at $0.1426.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a research note on Monday, April 20th. Wall Street Zen lowered zSpace to a “strong sell” rating in a research report on Saturday, April 25th. Finally, Barrington Research lowered zSpace from an “outperform” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $100.00.

zSpace Stock Down 22.2%

The stock has a 50-day moving average of $0.72 and a 200 day moving average of $6.31. The stock has a market cap of $1.34 million, a PE ratio of -0.01 and a beta of -1.07.

Insider Buying and Selling

In other news, major shareholder Aqr Capital Management Holding bought 34,428 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were purchased at an average price of $1.75 per share, for a total transaction of $60,249.00. Following the completion of the transaction, the insider directly owned 190,257 shares in the company, valued at approximately $332,949.75. This represents a 22.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,945 shares of company stock valued at $3,407 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of zSpace during the 2nd quarter worth approximately $39,000. Jane Street Group LLC acquired a new position in shares of zSpace during the 4th quarter worth approximately $57,000. Geode Capital Management LLC raised its stake in shares of zSpace by 134.0% during the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock worth $56,000 after buying an additional 68,150 shares during the period. HRT Financial LP acquired a new position in shares of zSpace during the 4th quarter worth approximately $27,000. Finally, AQR Capital Management LLC acquired a new position in shares of zSpace during the 4th quarter worth approximately $25,000.

About zSpace

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.