zSpace, Inc (NASDAQ:ZSPC) Receives $9.50 Average Price Target from Analysts

zSpace, Inc (NASDAQ:ZSPC) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.50.

A number of research analysts have weighed in on ZSPC shares. Barrington Research cut their price objective 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. Wall Street Zen downgraded zSpace from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Northland Capmk cut shares of zSpace from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of zSpace in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in zSpace stock. Millennium Management LLC purchased a new stake in zSpace, Inc (NASDAQ:ZSPC) during the third quarter, according to its most recent filing with the SEC. The firm purchased 25,148 shares of the company’s stock, valued at approximately $25,000. Millennium Management LLC owned 0.09% of zSpace at the end of the most recent quarter.

zSpace Price Performance

Shares of NASDAQ ZSPC opened at $0.57 on Tuesday. zSpace has a 1-year low of $0.36 and a 1-year high of $26.79. The business’s 50 day moving average is $0.52 and its two-hundred day moving average is $1.45. The stock has a market capitalization of $16.42 million and a P/E ratio of -0.72.

zSpace (NASDAQ:ZSPC) last announced 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 firm had revenue of $8.79 million during the quarter, compared to analysts’ expectations of $8.43 million.

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.