zSpace (NASDAQ:ZSPC) Stock Rating Upgraded by Wall Street Zen

zSpace (NASDAQ:ZSPC) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently issued reports on the stock. Barrington Research cut their target price on shares of zSpace from $10.00 to $5.00 and set an “outperform” rating for the company in a research note on Friday, August 15th. Roth Capital restated a “buy” rating and set a $5.00 price objective (down from $12.00) on shares of zSpace in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $10.00.

zSpace Trading Down 8.8%

Shares of NASDAQ:ZSPC opened at $1.55 on Friday. zSpace has a 52-week low of $1.38 and a 52-week high of $32.69. The company has a 50-day simple moving average of $2.44 and a 200 day simple moving average of $5.68.

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

Institutional Investors Weigh In On zSpace

Hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in shares of zSpace in the second quarter valued at approximately $39,000. Jane Street Group LLC acquired a new stake in shares of zSpace in the fourth quarter valued at approximately $359,000. Finally, Invesco Ltd. acquired a new stake in shares of zSpace in the first quarter valued at approximately $170,000.

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.