Brokerages Set zSpace, Inc (NASDAQ:ZSPC) Target Price at $10.00

Shares of zSpace, Inc (NASDAQ:ZSPC) have been given an average rating of “Buy” by the five analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.00.

Several research analysts have issued reports on the company. Wall Street Zen raised zSpace from a “sell” rating to a “hold” rating in a report on Saturday. Barrington Research decreased their price target on zSpace from $10.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, August 15th. Finally, Roth Capital reiterated a “buy” rating and issued a $5.00 price objective (down from $12.00) on shares of zSpace in a research report on Friday, August 15th.

zSpace Trading Down 8.8%

Shares of NASDAQ:ZSPC opened at $1.55 on Wednesday. The business’s fifty day moving average price is $2.44 and its two-hundred day moving average price is $5.68. zSpace has a fifty-two week low of $1.38 and a fifty-two week high of $32.69.

zSpace (NASDAQ:ZSPC) last announced its 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.

Institutional Trading of zSpace

Institutional investors and hedge funds have recently made changes to their positions in the business. Invesco Ltd. acquired a new position in zSpace in the first quarter valued at about $170,000. Jane Street Group LLC bought a new stake in shares of zSpace during the fourth quarter worth $359,000. Finally, XTX Topco Ltd acquired a new stake in shares of zSpace during the second quarter worth $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.