zSpace (NASDAQ:ZSPC) Raised to Hold at Wall Street Zen

by · The Cerbat Gem

zSpace (NASDAQ:ZSPC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

ZSPC has been the subject of a number of other reports. Barrington Research cut their price objective on zSpace from $10.00 to $5.00 and set an “outperform” rating for the company in a report on Friday, August 15th. Roth Capital restated a “buy” rating and issued a $5.00 target price (down from $12.00) on shares of zSpace in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, zSpace presently has a consensus rating of “Buy” and a consensus price target of $10.00.

Check Out Our Latest Research Report on zSpace

zSpace Stock Down 8.8%

Shares of ZSPC stock opened at $1.55 on Friday. zSpace has a one year low of $1.38 and a one year high of $32.69. The stock has a fifty day moving average price of $2.44 and a 200 day moving average price of $5.58.

zSpace (NASDAQ:ZSPC – Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.11). The business had revenue of $7.46 million during the quarter, compared to the consensus estimate of $7.59 million.

Hedge Funds Weigh In On zSpace

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of zSpace during the 4th quarter valued at about $359,000. XTX Topco Ltd bought a new position in shares of zSpace during the 2nd quarter valued at about $39,000. Finally, Invesco Ltd. bought a new position in shares of zSpace during the 1st quarter valued at about $170,000.

zSpace Company Profile

(Get Free Report)

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.

Featured Stories