zSpace (NASDAQ:ZSPC) Cut to “Strong Sell” at Wall Street Zen

zSpace (NASDAQ:ZSPC) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of zSpace in a report on Monday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $100.00.

zSpace Price Performance

ZSPC opened at $0.44 on Friday. The business has a fifty day simple moving average of $4.05 and a 200 day simple moving average of $11.90. The company has a market capitalization of $1.34 million, a PE ratio of -0.02 and a beta of 1.16. zSpace has a 1 year low of $0.42 and a 1 year high of $247.50.

Insiders Place Their Bets

In other news, major shareholder Aqr Capital Management Holding acquired 34,428 shares of zSpace stock in a transaction that occurred on Wednesday, April 15th. The shares were acquired at an average price of $1.75 per share, for a total transaction of $60,249.00. Following the transaction, the insider directly owned 190,257 shares of the company’s stock, valued at approximately $332,949.75. The trade was a 22.09% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 1,945 shares of company stock worth $3,407. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On zSpace

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of zSpace in the 4th quarter valued at about $30,000. AQR Capital Management LLC bought a new stake in shares of zSpace in the 4th quarter valued at about $25,000. Jane Street Group LLC bought a new stake in shares of zSpace in the 4th quarter valued at about $57,000. HRT Financial LP bought a new stake in shares of zSpace in the 4th quarter valued at about $27,000. Finally, Geode Capital Management LLC grew its position in shares of zSpace by 134.0% in the 4th quarter. Geode Capital Management LLC now owns 119,014 shares of the company’s stock valued at $56,000 after buying an additional 68,150 shares during the last quarter.

zSpace Company Profile

zSpace, Inc is a technology company that develops augmented and virtual reality solutions designed to deliver immersive learning experiences. Headquartered in Pleasanton, California, the company focuses on integrating advanced 3D visualization hardware and interactive software to support science, technology, engineering and mathematics (STEM) education, as well as professional training applications.

The company’s flagship offering, the zSpace AR/VR system, combines a stereoscopic display, stylus-based interaction and head-tracking technology to enable users to manipulate and explore three-dimensional models.