zSpace (NASDAQ:ZSPC) Trading 2.8% Higher – Still a Buy?

zSpace, Inc (NASDAQ:ZSPC)’s share price was up 2.8% on Thursday . The stock traded as high as $0.5105 and last traded at $0.4430. Approximately 889,236 shares traded hands during trading, a decline of 29% from the average daily volume of 1,261,295 shares. The stock had previously closed at $0.4308.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ZSPC shares. Wall Street Zen lowered zSpace from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Northland Capmk cut 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 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, zSpace currently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

zSpace Stock Performance

The company’s 50 day moving average price is $0.74 and its 200-day moving average price is $1.89. The company has a market cap of $13.17 million and a price-to-earnings ratio of -0.57.

zSpace (NASDAQ:ZSPC) last issued its earnings results 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 company had revenue of $8.79 million for the quarter, compared to analysts’ expectations of $8.43 million.

Institutional Investors Weigh In On zSpace

A number of institutional investors and hedge funds have recently modified their holdings of ZSPC. XTX Topco Ltd acquired a new position in shares of zSpace in the 2nd quarter valued at $39,000. Millennium Management LLC acquired a new stake in zSpace during the 3rd quarter worth about $25,000. Finally, Invesco Ltd. purchased a new stake in zSpace during the first quarter valued at about $170,000.

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.