zSpace, Inc (NASDAQ:ZSPC) Receives $9.50 Consensus Target Price from Brokerages

Shares of zSpace, Inc (NASDAQ:ZSPC) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.50.

A number of equities analysts have recently weighed in on the company. Roth Capital reaffirmed a “buy” rating and set a $5.00 target price (down from $12.00) on shares of zSpace in a research report on Friday, August 15th. Northland Capmk lowered shares of zSpace from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Barrington Research dropped their price objective on shares of zSpace from $5.00 to $3.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th. Wall Street Zen cut shares of zSpace from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of zSpace in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ZSPC. XTX Topco Ltd bought a new stake in zSpace during the second quarter worth $39,000. Invesco Ltd. purchased a new position in zSpace during the 1st quarter worth $170,000. Finally, Millennium Management LLC purchased a new position in zSpace during the 3rd quarter worth $25,000.

zSpace Trading Down 0.2%

Shares of NASDAQ ZSPC opened at $0.39 on Monday. The firm has a market capitalization of $11.30 million and a P/E ratio of -0.49. The firm’s 50-day moving average price is $1.00 and its 200-day moving average price is $2.50. zSpace has a 1-year low of $0.38 and a 1-year high of $32.69.

zSpace (NASDAQ:ZSPC) last issued its earnings results on Thursday, November 13th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.06). The company had revenue of $8.79 million during the quarter, compared to analyst estimates of $8.43 million.

zSpace Company Profile

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.