zSpace, Inc.’s Lock-Up Period Set To End on June 3rd (NASDAQ:ZSPC)

zSpace’s (NASDAQ:ZSPC) lock-up period will end on Tuesday, June 3rd. zSpace had issued 1,875,000 shares in its public offering on December 5th. The total size of the offering was $9,375,000 based on an initial share price of $5.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ZSPC. Roth Mkm began coverage on shares of zSpace in a report on Monday, February 3rd. They issued a “buy” rating and a $20.00 price objective for the company. Northland Capmk raised shares of zSpace from a “hold” rating to a “strong-buy” rating in a report on Monday, March 31st. Barrington Research reduced their price objective on shares of zSpace from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, May 15th. Northland Securities raised shares of zSpace from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from $20.00 to $10.00 in a report on Monday, March 31st. Finally, Roth Capital set a $20.00 price objective on shares of zSpace in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, zSpace presently has an average rating of “Buy” and a consensus target price of $15.00.

zSpace Price Performance

Shares of NASDAQ ZSPC opened at $5.38 on Tuesday. zSpace has a twelve month low of $5.11 and a twelve month high of $32.69. The firm has a 50-day simple moving average of $8.39.

zSpace (NASDAQ:ZSPC) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.09). The business had revenue of $6.76 million for the quarter, compared to the consensus estimate of $5.03 million.

Institutional Investors Weigh In On zSpace

An institutional investor recently bought a new position in zSpace stock. Invesco Ltd. acquired a new stake in shares of zSpace, Inc. (NASDAQ:ZSPC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned approximately 0.10% of zSpace at the end of the most recent quarter.

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.