zSpace, Inc (NASDAQ:ZSPC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of zSpace, Inc (NASDAQ:ZSPC) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $9.50.

ZSPC has been the topic of a number of recent research reports. Barrington Research lowered their price target on shares of zSpace from $5.00 to $3.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of zSpace in a research note on Wednesday, October 8th. Wall Street Zen lowered zSpace from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Northland Capmk cut zSpace from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new stake in shares of zSpace in the third quarter valued at about $25,000. XTX Topco Ltd purchased a new position in zSpace during the second quarter worth about $39,000. Finally, Invesco Ltd. acquired a new position in zSpace in the 1st quarter valued at about $170,000.

zSpace Price Performance

Shares of NASDAQ:ZSPC opened at $0.44 on Friday. zSpace has a 1 year low of $0.36 and a 1 year high of $26.79. The firm has a market capitalization of $12.87 million and a PE ratio of -0.56. The business’s 50 day moving average price is $0.76 and its 200-day moving average price is $1.92.

zSpace (NASDAQ:ZSPC) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The business had revenue of $8.79 million during the quarter, compared to the consensus estimate of $8.43 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.