Analysts Set zSpace, Inc (NASDAQ:ZSPC) PT at $10.00

Shares of zSpace, Inc (NASDAQ:ZSPC) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several research firms have issued reports on ZSPC. Wall Street Zen lowered zSpace from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a report on Saturday, September 27th. Roth Capital restated a “buy” rating and set a $5.00 target price (down previously from $12.00) on shares of zSpace in a report on Friday, August 15th. Finally, Barrington Research restated an “outperform” rating and set a $5.00 target price on shares of zSpace in a report on Tuesday, September 23rd.

Hedge Funds Weigh In On zSpace

A hedge fund recently bought a new stake in zSpace stock. Invesco Ltd. bought a new position in shares of zSpace, Inc (NASDAQ:ZSPC) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,930 shares of the company’s stock, valued at approximately $170,000. Invesco Ltd. owned about 0.10% of zSpace at the end of the most recent quarter.

zSpace Price Performance

ZSPC opened at $1.01 on Friday. zSpace has a 1-year low of $0.87 and a 1-year high of $32.69. The business has a 50 day moving average of $1.87 and a 200-day moving average of $4.53.

zSpace (NASDAQ:ZSPC) last released its quarterly earnings data 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 business had revenue of $7.46 million during the quarter, compared to analysts’ expectations of $7.59 million.

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.