Barrington Research Has Lowered Expectations for zSpace (NASDAQ:ZSPC) Stock Price

zSpace (NASDAQ:ZSPC) had its price target decreased by research analysts at Barrington Research from $10.00 to $5.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Barrington Research’s target price suggests a potential upside of 123.21% from the company’s previous close.

zSpace Stock Down 11.8%

ZSPC stock opened at $2.24 on Friday. The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $7.95. zSpace has a one year low of $1.97 and a one year high of $32.69.

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

Institutional Trading of zSpace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZSPC. Jane Street Group LLC purchased a new stake in zSpace in the fourth quarter valued at approximately $359,000. Invesco Ltd. purchased a new stake in zSpace in the first quarter valued at approximately $170,000. Finally, XTX Topco Ltd purchased a new stake in zSpace in the second quarter valued at approximately $39,000.

About zSpace

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.