zSpace (NASDAQ:ZSPC) Earns “Buy” Rating from Roth Capital

zSpace (NASDAQ:ZSPC)‘s stock had its “buy” rating restated by research analysts at Roth Capital in a research note issued to investors on Friday,Benzinga reports. They currently have a $5.00 target price on the stock, down from their prior target price of $12.00. Roth Capital’s price objective points to a potential upside of 123.21% from the company’s current price.

Separately, Barrington Research cut their target price on shares of zSpace from $10.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $10.00.

zSpace Stock Performance

Shares of NASDAQ ZSPC opened at $2.24 on Friday. zSpace has a 1 year low of $1.97 and a 1 year high of $32.69. The firm’s 50 day moving average price is $3.04 and its 200 day moving average price is $7.95.

zSpace (NASDAQ:ZSPC) last posted 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 business had revenue of $7.46 million for the quarter, compared to the consensus estimate of $7.59 million.

Institutional Investors Weigh In On zSpace

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ZSPC. Jane Street Group LLC purchased a new stake in zSpace during the 4th quarter worth $359,000. Invesco Ltd. acquired a new position in shares of zSpace in the 1st quarter valued at about $170,000. Finally, XTX Topco Ltd acquired a new position in shares of zSpace in the 2nd quarter valued at about $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.