zSpace (NASDAQ:ZSPC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of zSpace (NASDAQ:ZSPC) from a sell rating to a hold rating in a research report released on Saturday morning.

ZSPC has been the subject of several other research reports. Barrington Research reissued an “outperform” rating and issued a $5.00 target price on shares of zSpace in a research note on Tuesday, September 23rd. Roth Capital reissued a “buy” rating and issued a $5.00 price objective (down previously from $12.00) on shares of zSpace in a research report on Friday, August 15th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, zSpace presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

zSpace Price Performance

NASDAQ ZSPC opened at $1.32 on Friday. zSpace has a fifty-two week low of $0.87 and a fifty-two week high of $32.69. The business has a fifty day moving average of $1.75 and a 200-day moving average of $4.25.

zSpace (NASDAQ:ZSPC) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.11). The firm had revenue of $7.46 million during the quarter, compared to the consensus estimate of $7.59 million.

Hedge Funds Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. XTX Topco Ltd purchased a new position in shares of zSpace, Inc (NASDAQ:ZSPC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,929 shares of the company’s stock, valued at approximately $39,000. XTX Topco Ltd owned about 0.05% of zSpace as of its most recent filing with the Securities and Exchange Commission (SEC).

zSpace Company Profile

zSpace Technologies, Inc is a provider of commercial augmented reality and virtual reality technology principally in the education market. The Company offers differentiated hardware along with learning software modules for K-12 science, technology, engineering, game design and mathematics applications, as well as workforce-oriented career and technical education applications.