zSpace (NASDAQ:ZSPC) Stock Price Down 2.9% – Should You Sell?

zSpace, Inc (NASDAQ:ZSPC) shares were down 2.9% on Wednesday . The stock traded as low as $0.2106 and last traded at $0.2131. Approximately 377,691 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 455,509 shares. The stock had previously closed at $0.2194.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Northland Securities cut shares of zSpace from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a research report on Wednesday, January 21st. Finally, Barrington Research reduced their price target on zSpace from $5.00 to $3.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.00.

zSpace Stock Performance

The company’s 50 day simple moving average is $0.39 and its 200-day simple moving average is $0.80. The firm has a market capitalization of $7.10 million, a PE ratio of -0.27 and a beta of -0.25.

Institutional Investors Weigh In On zSpace

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

About zSpace

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.